NEW YORK -- Escalating net and same-store sales teamed up to help Galyan's Trading Corp. narrow its loss in the first quarter of fiscal 2002.For the three months ended May 4, the Plainfield, Ind.-based sporting goods retailer reported a net loss of $414,000, or 2 cents a diluted share. That compares with last year's net loss of $4.4 million, or 42 cents. The year-ago loss included a one-time aftertax charge of $1.6 million from the early retirement of debt, but even discounting that item, Galyan's recorded a significant improvement, beating Wall Street forecasts by 2 cents.Sales for the quarter improved 29.1 percent to $113.5 million from $87.9 million a year ago. Comparable-store sales gained 5.1 percent over last year.Galyan's opened two new stores in the quarter, with plans for an additional seven new stores by yearend, for a total of 35 as compared with 26 last year.

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