Alpen Guides for Strong Profit Growth
Net income at the Japanese retailer was down 68% to ¥1,733 million ($11.1 mm) from ¥5,469 million on sales that were 3% higher at ¥252,936 million ($1,618.8 mm) up from ¥244,540 million for the fiscal year ended June 30. General sporting goods led growth with a 14% gain to ¥61,333 million boosted by footwear and equipment growth across sports. Sports lifestyle improved 4% to ¥57,236 million as shoes and sandals offset unfavorable weather impacts on some seasonal apparel. Unfavorable weather also hit golf, down 1% to ... Log in to view full article.