Phoenix Footwear Group Inc. reported unaudited consolidated earnings results for the first quarter ended April 2, 2016. Net sales decreased $1.2 million, or 17.5%, to $5.5 million for the first quarter of fiscal 2016 with the planned exit from a large national retailer and shift in the timing of sales for an occupational account and online retailer. Net loss was $198,000 or $0.02 per share for the first quarter of fiscal 2016 compared to a net loss of $39,000 or $0.01 per share for the first quarter of fiscal 2015. The decrease in net sales for the first three months of fiscal 2016 was comprised of a planned decrease in sales to a large national retailer, and a shift in the timing of sales to an occupational account and online retailer, together with an increase in the returns reserve resulting from a change in the channel sales mix. The company reported an operating loss of $198,000 or $0.02 per share for the first quarter ended April 2, 2016 compared to a loss from continuing operations of $39,000 or $0.01 per share for the first quarter ended April 4, 2015.