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Shoe biz shines for expanding RCG

August 29, 2017 | Herald Sun

THE shoe retailer behind brands such as Vans, Timberland and Skechers has posted a 21 per cent jump in earnings after expanding its footprint through 50 new stores.
Shares in RCG Corporation yesterday jumped almost 7 per cent after it unveiled an underlying profit — a measurement that strips out one-off items — of $39.9 million for the year to July 2.
However, the group’s net profit was down 2.6 per cent to $29.2 million after accounting for acquisition-related costs. RCG said it had fully integrated sneaker business Hype DC into its Accent business after completing the $99 million buyout in August last year.

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