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UPDATE 1-Tod's expects nice year after 2007 profits bound
Chairman and Chief Executive Diego Della Valle mentioned salesfor the Spring collections had enjoyed a good start. "(In 2007) The team enrolled double-digit growth inrevenues and profits in a challenging economic and forexenvironment," Della Valle mentioned. "The good start of sales as all the products for the Springcollections ... and the eminent salute received for those fornext winter grant us apt have good expectations for sales andprofits for this year." Tod's had prophesy double-digit growth in turnover andprofits for 2007, with bargains up 10-15 percentage. When it releasedits sales figures in January,
onitsuka tiger mexico, Tod's said its 2007 profitabilitywould be under expectations,
Asics Olympos Shoes, joining the rise in Christmas salesfor leather goods and accessories was below expectations. On Friday, it reported a web profit of 78.7 million euros($124 million). Sales rose 14.7 percent to 657 million euros.Investors are closely watching the U.S. market for a slowdownin bonus spending with clients rattled by the honor crisisand falling monetary markets. Last month,
asics sale, the CEO of French elegance merchandise group Hermes(HRMS.PA) told Reuters he was optimistic about prospects for2008, targeting sales growth at constant commute rates of aleast 10 percentage and saying Hermes sought to maintain itsprofitability at the same rate as 2007. The maker of trademark silks and handbags final week reporteda 7.3 percent rise in 2007 net profit to 288 million euros, asunfavourable commute rates crowned its proceeds despite disposalgains and a year-end boost to commerce. Della Valle has said Italy's high-end fabrication sectoris no immune from one economy slowdown and could arrest a"cold". Tod's, which maneuvers cache beginnings this quarter,
asics shoes online, said itwould propose a dividend of 1.25 euro per share. Its shares closed up 1.53 percent at 39.17 euros. (Editing by Mike Elliott)
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