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Paul Fireman Quotes

Take much longer for the Asia Pacific region to stabilize. - Paul Fireman

Tags

Longer | Asia | Pacific | Region | Stabilize |

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The overall industry outlook is not improving in the short term, and the economic conditions in Asia Pacific and Latin America continue to negatively impact our business... The domestic market is suffering from heavy promotions at retail, which is affecting our performance. And the well publicized conditions in Japan and Korea, our two largest markets in the Far East, has caused reported sales to decline approximately 50 percent when compared to last year. - Paul Fireman

While in the short term this is negatively impacting our operating results, we believe our strategy to reposition our business with Footlocker will help to improve our operating margins in the future. - Paul Fireman

We expect these difficult industry conditions to persist well into the current year, as the industry works through its excess inventory. - Paul Fireman

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