Net income at the multi-banner Japanese retailer jumped nearly ten fold to ¥3,375 million ($31.8 mm) in the first fiscal quarter ended Sep. 30 from ¥341 million last year powered by a 390 basis point expansion in gross margin to 42.6% and an 8% reduction in SG&A. Revenues inched up 1% to ¥58,096 million ($547.6 mm) from ¥57,683 million. With consumer confidence in Japan still shaky, the retailer has focused on expanding its e-commerce site and growing membership ... Log in to view full article.