Wednesday, August 29, 2012
China footwear retailer Belle meets profit forecasts
Top China footwear retailer Belle International Holdings Ltd met forecasts with an 11.7 percent rise in first-half net profit, and analysts predicted it would outpace competitors even as slow economic growth dampens consumer spending. Photo: BelleBelle, which distributes brands including Nike, Adidas, Kappa, PUMA, Converse and Mizuno, on Tuesday posted its slowest growth rate since the second half of 2008, but continues to expand its store network while squeezing more sales out of each store.
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