Topsports Warns H1 Profits Dropped 35%
Pre-announcing earnings for the fiscal first half ended Aug. 31, the Chinese retailer that operates stores for Nike, Adidas and other western brands said net income would decline by 35% year-over-year to RMB 1,337.2 million ($187.8 mm). Revenues also fell by an unspecified amount. Topsports blamed the weak Chinese economy for the results, noting that store traffic was ... Log in to view full article.
