Comprehensive net income at the multi-banner Japanese retailer slipped 58% to ¥1,620 million ($14.4 mm) from ¥3,825 million in the fiscal year ended Jun. 30 on 3% higher revenues at ¥227,675 million ($2,029.2 mm), up from ¥220,039 million. Excluding comprehensive items, the bottom line was 28% lower at ¥1,979 million against ¥2,741 million. Gross margin contracted 210 basis points to 40.5% on increased clearance activity. Sporting goods revenues inched up 1% to ¥129,402 million driven by sports apparel and footwear sales bolstered by a growing athleisure trend in Japan, but partially offset by lower hardgoods sales. Golf equipment sales jumped ... Log in to view full article.