The small market retailer’s top and bottom lines inched lower in the third quarter, with profits of $25,497,000 vs. $25,573,000, and revenues of $431,923,000 compared to $433,164,000, including a -2.7% blended comp. Brick-and-mortar comps dropped 5.4%, while e-commerce improved 12.6% year-over-year, and now represents 17.0% of total sales compared to 15.0% a year ago. Traffic, conversion and average ticket were all positive, driven by strength in footwear and Back-to-School promotions.
Footwear comped up low-single digits, helped by basketball, lifestyle and running silhouettes, and a strong launch calendar. Apparel and team sports were ... Log in to view full article.