Net income improved 28% to BRL 33.4 million ($8.9 mm) from BRL 26.1 million for the first quarter of the year despite a 1% dip in sales to BRL 292.0 million ($78.2 mm) compared to BRL 295.9 million. Athletic footwear sales, mainly from the Olympikus brand, gained 2% to BRL 227.5 million compared to BRL 222.1 million, but women’s footwear was disappointing and dropped 16% to BRL 41.2 million while Other footwear declined 16% to ... Log in to view full article.