Revenues at the Sports Direct parent’s Rest of World Segment, which includes its since-divested U.S. banners, Bob’s Stores and Eastern Mountain Sports, slipped 2% in the fiscal year ended Apr. 24 to £150.3 million ($188.8 mm) from £152.7 million. Sales at Sports Direct Malaysia were up, but could not fully offset unspecified declines in the U.S. business. Gross margin in the segment was much improved, expanding 910 basis points to 51.0% due to decreased inventory provisions in the U.S. where stock management was significantly improved. That helped a 168% jump in ... Log in to view full article.