If the shoe fits

Article Abstract:

Hi-Tec Sports has made progress since the appointment of the finance director, Paul Harrison, to the post of chief executive. Financial controls have been strengthened and the shoe range has been reduced. Stocks are down and distribution is tighter, while supplier lead times have also been cut. The company's profits have risen in its key markets and its sports shoes are well placed in the cheaper segment of this market. The company's profit is forecast at 4 million pounds sterling for 1997 to 1998 by Greig Middleton.

Athletic & Other Footwear, Footwear, except rubber, not elsewhere classified

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Best foot forward

Article Abstract:

FII is a footwear supplier which has seen a recovery in its stock price with a return to profitability. The company is seeking to develop its relationship with Marks and Spencer, representing 55% of turnover, and aims to develop its branded footwear business. These brands comprise Lotus, a women's footwear brand which could also be used for men's shoes, and Frank Wright, a brand geared to young men who represent a fast growing segment of the market.

Nonrubber Footwear, Footwear, Except Rubber, Footwear, FII Group PLC

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Hi-Tec tripped up by changing fasions: sports shoe group Hi-Tec Sports has been slammedby competition from huge rivals like Nike and Reebok. Its interest charges now swamp operatingprofits and with the trading outlook bleak, its shares are highrisk

Article Abstract:

Hi-Tec Sports of the UK has warned of tough tradingand expects to generate only modest additional pre-tax profits in the second half. There has beena steep drop in profits fron North America and UK full year sales were down 6%. The whitetrainer market has been facing competition from rugged outdoor shoes and boots, and thecompany has also suffered from discounting in the UK.

Athletic Footwear ex Canvas, Finance, Athletic shoes, Athletic shoe industry

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