The net loss was $2,331,000 against a profit of $885,000 for the first quarter ended May 5, typically a low volume period for the company, as sales were flat at $644,959,000 compared to $643,368,000. Comp store sales overall were down 1% reflecting a 2% decline in the stores, partially offset by a 10% improvement in digital sales. Citing a number of factors ranging from weakness at the U.K. Schuh division and ongoing uncertainty at Lids, GCO remained cautious in its outlook, expecting roughly similar Q2 results but improvement in H2 overall from momentum in Journeys and Johnston & Murphy to ... Log in to view full article.