FINL, A High-End Sports Shoes And Clothing Retailer, Is A Partner Of Messi Department Store.
US retail giant Messi (M) and high-end sports
footwear
And clothing retailer Finish Line Inc (FINL) announced an agreement on Friday that Finish Line will open a sports shoe store in more than 450 American Messi stores and the Messi website (macys.com), thus becoming Messi's sole sports shoe partner.
Starting next spring, Finish Line will start shop in Messi department store. It is expected to complete all more than 450 stores in the autumn of 2014.
In addition, the company will start managing 225 other Messi's department stores that sell footwear from next spring.
Gym shoes
And inventory.
Finish Line said that in the long term, it is expected that the paction will increase its revenue by $250 million billion a year.
In addition, Finish Line also released its second quarter earnings report on Friday, its profit increased from $20 million 900 thousand a year earlier, or 39 cents a share, to 25 million dollars, or 49 cents a share.
Revenue increased from $332 million in the same period last year to $385 million.
Analysts surveyed by FactSet expect the company to earn 44 cents a share and earn 358 million dollars in the quarter.
The company also said it currently expects earnings per share in fiscal year 2013.
profit
It will grow 6-9% on the basis of 1.53 US dollars in fiscal year 2012 instead of the expected 6-7%.
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