Capping a very difficult year for the West Coast retailer, net loss more than doubled in Q4 to $20,881,000 from a loss of $8,852,000 as sales tumbled 8% to $181,619,000 from $196,350,000 with comps down 6.1%. As BGFV reported in Jan., seasonal cold weather was late to arrive, and snowfall was minimal, leading to weak sales of winter sports products. Gross margin narrowed by 280 basis points to 29.5%, hurt by store occupancy and distribution cost deleverage, as well as lower merchandise margins. SG&A was reduced by 2% on lower labor ... Log in to view full article.