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UMBRO Sees Increase Turnover

By FashionUnited

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UMBRO, the UK sportswear brand, has marked good results since it floated earlier this year with a deal to supply US retailer Foot Locker.

Umbro clothing equipment and footwear will be sold in more than 1,000 Foot Locker stores, formalising a supply deal which has been gaining momentum over the past year.

Umbro chief executive Peter McGuigan, said: "We are delighted to be working with Foot Locker to provide a new and exciting range of soccer related products and we are optimistic about our prospects for the Umbro brand in the US for 2005 and beyond."

In the six months to July 4, Umbro, which floated in June, saw turnover increase by 36.4 per cent to GBP94.1m, with record sales of licensed ranges. McGuigan said: "The popularity of football across the world continues to increase and we believe Umbro's unique positioning as a specialist football brand will allow us to take full advantage of the anticipated growth in this segment.

"We have a clear strategy in place to expand our core business as well as to exploit new identified areas of expansion both in the UK and internationally."

Umbro