license side has been negative

October 23, 2018 by JonDod  
Filed under Uncategorized

We did see slower comp sales growth in Western Europe and Russia, which I just spoke about. We saw a decline in football and basketball, which is particularly related to the license business. In basketball, it’s related to the exit of the NBA contract, which will be finalized by the second quarter, and in football, it’s partially but only partially due to the exit of Chelsea contract but overall apparel business in the license side has been negative.

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