Big 5 posts 71% drop in profit
From Times Wire Services
Big 5 Sporting Goods Corp. of El Segundo reported a 71% decrease in second-quarter net income to $1.7 million, or 8 cents a share, compared with $5.9 million, or 26 cents, a year earlier. Sales fell to $209 million from $217.8 million.
Sales at stores open at least a year, a key measure of retail health, declined 7.6% as the economy slowed and interest dropped in the roller shoe product category.
