The British parent of Finish Line, DTLR Villa, Shoe Palace, and, most recently, Hibbett reported that positive full-price selling in December was unable to overcome softer November comps. Organic revenue increased 3% in the nine weeks through Jan. 4, JD said, with an overall 1.5% comp decline offset by contributions from the Hibbett and Courir acquisitions. The nine-week period saw lower traffic partially offset by higher ATV as the company chose to hold the line on promotions. Footwear sales outperformed apparel.

The choice to restrict promotional activity contributed to a 48.0%-plus gross ... Log in to view full article.