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Huaraches Kids Foot Locker

along with the mainstream," the company said.

Huaraches Kids Foot Locker

"The well reported decline in the US retail market has had a profound effect on our US business," the company said.

Huaraches Kids Foot Locker

Huaraches Kids Foot Locker

has also launched a cost cutting drive.

Women's clothing also saw similar sales boosts in the firm's new Harvey Nichols

Huaraches Kids Foot Locker

Huaraches Kids Foot Locker

"We intend to re establish the brand as a full price player in the market over the next few seasons, even at the expense of sales volumes," he said.

But a high street bloodbath in the US, with like for like sales down Huaraches Kids Foot Locker three per cent, caused the firm to discount its stock heavily and led to balance sheet write downs totalling 11.9m.

Huaraches Kids Foot Locker

said the weakness of the pound had pushed up supply costs considerably, in turn hitting its margins. These were down 1.4 per cent, also hit by deep discounting, particularly in the US.

Chairman Stephen Marks said did not intend to continue discounting at recent levels.

US gloom hits French Connection

and House of FraserBut menswear performed less well', and a complete revamp of the range has been completed in the hope of stemming the decline in sales.

And Mens Nike Air Huarache Black

In the UK, ladieswear ranges bucked the gloomy high street trend, as sales rose Nike Air Huarache Hyper Punch

"It would appear that luxury retailers are being affected by the downturn Nike Air Huarache Dark Blue

Huaraches Kids Foot Locker

the firm's upmarket Nicole Farhi

Huaraches Kids Foot Locker

stores were hit towards the end of the year as shoppers stayed away in the aftermath of the banking crisis.

Huaraches Kids Foot Locker

Huaraches Kids Foot Locker

It said the results were and warned it was possible to predict when a return to profitability might take place.

nine per cent on a like for like basis.

If you feel we have made an error in a report, or have fallen below our usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.

Huaraches Kids Foot Locker

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