Following a 3.3% comp decline in Nov., brick-and-mortar traffic declined further in Dec., and SCVL management cut prices to clear merchandise, giving up 210 basis points of margin resulting in inventories that were down mid-single digits on a per store basis at month end. In a presentation at the ICR conference, SCVL said that its Nike shop-in-shops have been performing very well, and it tailors the category ... Log in to view full article.