UK: Footwear Firms’ Profit Growth Shrinking – Report
Companies operating in the UK footwear industry have experienced "slow but steady sales growth" over the past three years but that was offset by shrinking profit growth, a new report has revealed. According to the Business Ratio report for the shoe industry, the average leading company out of 116 analysed has seen a compound sales growth figure of three per cent between 1998/99 and 2000/01.