Net income at the Japanese footwear and apparel retailer inched down 1% to ¥33,700 million ($228.5 mm) from ¥34,154 million for the first nine months ending Nov. 30 on a 1% increase in sales to ¥279,285 million ($1,894.0 mm) from ¥277,078 million. Domestic sales grew 6% to ¥203,451 million, while overseas results, including LaCrosse Footwear in the U.S., were off 7% to ¥80,048 million. Gross margin narrowed 10 basis points to 51.1%, while SG&A increased 2% in yen, deleveraging 50 b.p. as a percent of sales. ABC-Mart maintained ... Log in to view full article.