Net income declined 5% to $3,896,000 against $4,104,000 for the 13 weeks ended Jul. 29 as sales increased 1% to $235,064,000 from $231,907,000 on a 0.4% comp store gain despite a low-single-digit decline in store traffic and the net addition of two stores. SCVL said it was pleased with the trend in sales, noting that it had seen a heavy shift of Back-to-School dates into Aug. from Jul. last year, and that Aug. sales have shown a 7.0% comp store increase. The income statement showed a flat gross margin at 29.0% with merchandise and occupancy both even against last year ... Log in to view full article.