The Sports segment had an operating loss of $774,000 against a profit of $10,114,000 including a $7 million bad debt writedown from the bankrupt retailer, as sales slipped 3% to $206,687,000 from $214,016,000 on weak consumer demand at major mass channel retailers, and lost shipments to Toys “R” Us. Segment gross margin contracted 80 basis points to 22.1% due to a less favorable ... Log in to view full article.