Net income declined 17% in the second quarter to $157,075,000 from $188,801,000 a year ago, as revenues slipped 6% to $1,583,077,000 from $1,686,915,000, and comps fell 7.5%, but improved sequentially though the period. Transactions declined 8.3%, but average ticket inched up 0.8%. July was the strongest month in the quarter, with Back-to-School ramping up towards the end, and traffic peaked on holiday weekends. Some shoppers are still focused on value, leading to gains in private label, but innovative products such as Bogg Bags and Oofos recovery slides also sold well as ... Log in to view full article.