It again revises sales projections for the yearto between 16 and 20 per cent, against 25 per cent (£2,671million) at the end of Q1. The Little Tiger also pushes back itsprojection for a U.S. turnaround to B-T-S '98 when there will bea major rollout of new footwear categories, including a moredramatic push in performance running. It attributes part of its10 per cent dollar decline in U.S. sneaker revenues to itsfall-off in the basketball category and said backlog was hurt bydisappointing Holiday orders for the Grant Hill IV.

At the end of Q2, inventories were £574million, a 71 per cent increase ... Log in to view full article.