The producer of the Ecco footwear in Thailand warned last week that because of the global economic slowdown, the business was unlikely to reach its already downward-revised sales target for 2001.

Speaking to a Bangkok newspaper, Kitti Chaiwattanatorn, deputy managing director of Ecco (Thailand), said that in normal years – and in common with the wider Ecco Group - the company sets an annual growth target of 10%. Though this figure had been reduced to 8% for 2001, sales had in fact only expanded by 2% in the first eight months of the year.

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