Net income was down 8% to $165 million from $180 million on a 1% increase in sales to $2,025 million against $2,001 million for the first quarter ended May 5 with comp store sales down 2.8%. The results were considerably ahead of expectations and suggested that Big Foot was on track to return to positive comps, perhaps as early as Q2 but almost certainly in H2 as improved product flow of key styles and heavy investment in digital will begin to pay off. Big Foot also indicated that, with inventories down 5.4% to $1,210 million from last year, it had ... Log in to view full article.