Shoe retailer RCG defies tough market

November 22, 2011 | Sydney Morning Herald

Shoe seller RCG Corporation expects to deliver earnings per share growth for the year despite what it describes as the worst trading conditions in 30 years.

RCG operates The Athlete’s Foot and Shoe Superstore Group, and its subsidiary RCG Brands
distributes the Merrell Cushe, Chaco and CAT footwear and clothing brands in Australia.

The company expects to post a first half profit similar to the previous year’s $3.93 million, and will deliver earnings growth per share for the full year, chairman Ivan Hammerschlag told RCG’s annual general meeting on Tuesday.

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