Net loss attributable to shareholders narrowed to ¥411 million ($3.8 mm) at the multi-banner Japanese retailer for the nine months ended Mar. 31 from a loss of ¥2,281 million last year on 1% higher sales of ¥166,950 million ($1,532.3 mm) up from ¥165,031 million. Gross margin was up 70 basis points to 39.8%, while SG&A was down by almost ¥1,795 million from personnel expense cuts and leveraged 150 b.p. as a percent of sales. The consumption tax hike last fall, followed by a record warm winter and then the ... Log in to view full article.