A major hit to the apparel sector from yet another Quiksilver writedown on Rossignol as well as the significant decline in firearms companies as they comp last year’s boom saw profits fall 17% overall to $1,806.6 million from $2,178.0 million on an 8% increase in sales to $34,664.3 million from $32,093.0 million. The industry performance was mixed with apparel down sharply, sneakers down slightly and equipment also considerably weaker. The retail sector, despite the choppy spring weather, managed a solid sales and profit increase and companies in the Diversified sector were also solidly ahead. Return on Sales for the industry ... Log in to view full article.