Vulcabras reports its first loss in nine years

Vulcabras' gross operating revenues plunged by 20.5 percent to 1,864.1 million Brazilian reais (€772.2m-$1,010m) in 2011, with a 24.8 percent drop in the fourth quarter. With the Olympikus and Reebok brands, the sporting goods market represented 71.1 percent of the group's revenues, and its athletic footwear sales dipped by 21.7 ...