From the moment the 2010 World Cup starts, similar to during the last World Cup in 2006 when sales of football boots and clothes noted a 13% increase in Europe, all sales of football related products will see a clear boost in Europe.
Men's Wearhouse Inc reported a quarterly profit that outpaced expectations, helped by better margins and a strong tuxedo rental business, and forecast an increase in second-quarter comparable-store sales at its namesake stores.
Forzani Group rebounded to a first-quarter adjusted profit from a loss on brisk sales of Vancouver 2010 Winter Olympics licensed products and spring categories at the biggest sporting goods retailer in Canada.
G-III Apparel Group Ltd posted a quarterly loss significantly narrower than expected, helped by strong spring business in its dress and sportswear categories, and forecast full-year earnings above market estimates.
Swiss watchmaker Hublot, part of luxury group LVMH, achieved record sales in the first five months of 2010 but is concerned that the European debt crisis will hit demand for expensive watches, its head said.