Messi Department Stores And Finish Line Reach A Cooperation Agreement

September 28th, the US retail giant

M and Finish Line Inc (FINL), a high-end sports footwear and clothing retailer, announced an agreement on Friday. According to the agreement, Finish Line will open a sports shoe store in more than 450 American Messi stores and the Messi website (macys.com), thus becoming Messi's sole sports shoe partner.

Starting next spring, Finish Line will start a shoe store in Messi's department store and is expected to complete all more than 450 shoe stores in the autumn of 2014.

In addition, the company will start managing 225 other Messi's department stores that sell footwear from next spring.

And inventory.

It is expected that this paction will increase its annual revenue by 250 million -3.50 billion dollars.

In addition, Finish Line also released its second quarter earnings, its earnings increased from $39 a year earlier to $25 million, or 49 cents a share, from $20 million 900 thousand a year earlier.

Revenue increased from $332 million in the same period last year to $385 million.

Analysts surveyed by FactSet expect the company to earn 44 cents a share and earn 358 million dollars in the quarter.

The company also said it expects earnings per share in fiscal year 2013 to grow by 6-9% on the basis of 1.53 dollars in fiscal 2012, rather than the expected 6-7%.