Net income came in at $27,407,000 against a loss of $38,356,000 for the second quarter ending Aug. 3, as revenue was up 8% to $860,198,000 from $795,268,000 despite an overall comp sales decline of 0.6% compared to a 9.7% increase last year. The acquired businesses performed above expectations and plans are on track to assume U.S. retail segment private label sourcing.

U.S. retail, which includes DSW banner and Affiliated Business Group, saw revenue drop 2% to $677,920,000 with comps down 1.5%. ABG delivered a 1.6% comp increase for the quarter. The segment saw traction in seasonal items, with boots comping up ... Log in to view full article.