>>58497948For reference here's Cover's FY2024Q1 revenue.
Cover's has always struggled with scaling their merch manufacturing (whether in-house or not), though they've been improving as shown by the "friends with u" plushie series.
Unfortunately they don't show the revenue for each branch, probably to hide the poor performance of holostars and maybe holo ID.
Still, from a financial report released last year, we know overseas sales was significant (about 1/3 of total in 2022) and the fucked shipping costs and resulting poor store experience must have put a big dent in that.