USA: Strong Apparel Sales Boost Reebok Q3 Earnings
The no 2 US maker of athletic shoes, Reebok International Ltd, today said third quarter net income rose 27 per cent to $53 million, compared with $42 million last year. Despite a sluggish consumer market, Paul Fireman, chairman and chief executive officer said: "Our US apparel business had a sales increase in the quarter of 30 per cent. Both Reebok branded apparel and our sports licensing product are performing well at retail. Retailer and consumer demand for our sports licensed product continues to exceed our expectations."
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