INDUSTRY PROFITS RISE 9% IN Q2 ON 10% SALES GAIN.
Despite softness in the retail sector, overall salesand profits in the industry had a decent gain for Q2 overall with Return onSales (ROS) shaved to 5.4% from 5.5% last year. It should be noted that theabsolute increase in profits of $104 million was actually a bit less than theprofit increase of Nike alone at $105 million and Nike accounts for just overone-third of all industry profits now. Adidas Group also had a solid increasein net income for the period, so excluding the two sneaker giants, the rest ofthe industry was actually down about 5% in profits for the period.
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