Finish Line signs deal for 450 concessions - sportstextiles: Lea SportsTextiles

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Finish Line signs deal for 450 concessions

28/09/2012
Sports apparel retailer Finish Line is to open footwear shops in more than 450 Macy’s department stores and has reported better-than-expected second-quarter earnings – up 19% year on year.

For the period ending September 1, the US company posted a profit of $25 million, up from $20.9 million a year earlier. Sales rose 16% to $385 million as same-store sales improved 12%.

The Macy’s deal is expected to lead to additional revenues of between $250 million and $350 million annually. It said it now expects 2013’s earnings to grow between 6% and 9% over this year. The retailer currently operates 638 US stores and 19 specialty running shops.


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