Despite a slowdown in high ticket outdoor merchandise,solid gains in footwear, non-licensed apparel and sporting goods produced acomp store gain of 2.1% and a sales increase of 16.2% to $114,993,000 from$98,952,000 in Q2 ended Aug. 4. The chain had a loss of $3,592,000, includingan extraordinary loss on debt extinguishment of $2,576,000 net of tax benefit,against income of $1,103,000. Pro forma income was a profit of $3.0 million.

Galyan’s pronounced itself pleased with its resultsfor the first quarter as a public company, particularly in light of thedifficult retail climate. It expects the weakness in bigticket outdoor items to continue for the balance ... Log in to view full article.