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SBD Global/July 11, 2013/Finance

Finance Notes: Retailer Halfords Seeing Strong Cycling Sales

Cycle sales "powered ahead" at retailer Halfords, which said that it would "struggle to match its performance from last summer when the Olympics triggered a cycling bonanza" in the U.K. (FINANCIAL TIMES, 7/10). ... Shoe brands are opting for Bangladesh to source their footwear "because of rising cost and environment concerns of Chinese products." Italy's Gucci, Nike, the U.S.'s Timberland, Germany's Reebok and the ABC-Mart Incorporate of Japan "are now sourcing shoes from Bangladesh" (FINANCIAL EXPRESS, 7/8).
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