The bottom line slipped 30% in the second quarter to $7,643,000 from $10,937,000 as a 7% lower top line at Journeys helped pull total revenues down 4% to $535,332,000 from $555,183,000. Excluding last year’s legal fees to fend off the proxy fight with Legion Partners and other one-time charges, adjusted earnings from continuing operations was halved to $7,666,000 from $15,321,000. E-commerce sales dropped 11% to $84 million, 18% of the total, compared to 19% penetration last year. GCO also cut its full-year, top- and bottom-line guidance, sending shares down over 15% ... Log in to view full article.