A non-cash $21.8 million charge for a deferred tax asset valuation allowance contributed to a net loss of $29,901,000 in the third quarter against a $1,858,000 profit last year, on 8% lower revenues of $220,598,000 down from $239,889,000. A $0.7 million non-cash store asset impairment also impacted the bottom line. Same store sales declined 7.5% in the quarter, blamed on the ongoing economic pressures and especially inflation that are affecting its customer base. Hardgoods sales dropped 7% to 131.6 million, while athletic footwear and apparel were both down 10% to $52.6 ... Log in to view full article.