JAPAN: Shoe Chain Chiyoda Cuts FY Profit Outlook
Leading Japanese shoe chain Chiyoda Co on Friday lowered its full-year profit forecast to 6.15 billion yen due to fierce competition. The retailer said that figure would represent a nine per cent rise in profit from 2001 but is lower than its original outlook of a 28 per cent jump to 7.2 billion yen.
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