Net income dropped 24% to $14,646,000 from $19,242,000 for the third quarter on 3% lower sales of $297,155,000 down from $306,885,000, with comps down 2.7%, including about 50 b.p. of negative impact from re-bannering efforts in the quarter. Sales at the ascendant Shoe Station banner were up 5%, with comps up in the mid-singles. Shoe Carnival posted a mirror image with a 5% decline, comping down in the mid-singles. The Rogan’s fleet tallied $21 million-plus in net sales, consistent with integration plans.

By category, men’s and women’s athletic posted flat comps overall, ... Log in to view full article.