Comprehensive net income at the down under retailer and Oboz parent declined 22% to NZ$54,956,000 ($38.7 mm) from NZ$70,009,000 for the fiscal year ended Jul. 31 on 10% higher revenues of NZ$545,618,000 ($365.9 mm) up from NZ$497,437,000. Excluding a NZ$22 million negative swing in foreign currency translation and other comprehensive items, net income increased 14% to NZ$57,633,000 from NZ$50,671,000. Gross margin narrowed 250 basis points to 60.9% pulled down by the addition of lower margin Oboz sales, and was 63.6% for just the retail business. SG&A was up NZ$8.3 million with the addition of Oboz and an NZ$1.3 million investment ... Log in to view full article.