Net income at the Japanese retailer swung to a loss of ¥257 million ($1.7 mm) in the fiscal first quarter ended Nov. 30, from a profit of ¥52 million last year on revenues that ticked down 2% to ¥13,260 million ($88.9 mm) from ¥13,497 million, driven by the prolonged depreciation of the yen and frugal consumer spending. Outdoor equipment sales were 11% lower at ¥1,967, with outdoor apparel getting a call out, but demand for high-priced items such as tents remained subdued. Running footwear ... Log in to view full article.