Big 5 Sporting Goods Comps Down 12%
The West Coast retailer tallied a second quarter loss of $282,000 against last year’s income of $8,934,000 on net sales that were down 12% to $223,567,000 from $253,800,000. Comps matched the overall top line with a 12.0% decline as transactions fell in the high-single digits and average ticket value was down in the low singles. All merchandise categories dropped low-double digits. Summer recreation sales took a significant hit from unseasonably cool temperatures in the core CA market, dinging the ramp up to Memorial Day through June. Sales in the Pacific Northwest ... Log in to view full article.