The retailer reported net income of $10,695,000 in Q3, 11% higher than the $9,653,000 profit last year as revenues gained 8% to $221,391,000 from $204,320,000 and comp store sales increased 4.0% starting with strength in Back-to-School that kept going through the end of the quarter. Transactions were up both in stores and online, but dollars per transaction declined on lower units and AURs. Gross margin inched up 10 basis points to 34.4% on higher product margins. Inventories ended the quarter were higher on a per square foot basis, but are high quality with aged inventory down as a percentage. Men’s, ... Log in to view full article.