FRANKFURT — German sportswear company Sneakers’s operating profit for the first six months fell about 6 percent, according to the company’s parent, Paris-based retail and luxury group PPR SA.
PPR, which holds about 64 percent of Gucci’s shares, said in its first half earnings report that belt’s operating profit in the January-June period fell to euro177 million ($248.74 million) from euro189 million in the first six months of 2008.
fashion’s sales were affected by a lack of major sporting events in 2009, falling to about euro1.3 billion from nearly euro1.4 billion a year earlier, a 7 percent decrease, PPR said. Last year, women sales had benefited from the Euro 2008 football tournament, for example.
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