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Japan-Update

Chinese sneaker fans seen lifting ABC-Mart's 9-month profit

Customers snapped up fancy kids shoes and flocked to renovated stores

Shoe retailer ABC-Mart lured heavy foot traffic by renovating over 30 of its Japanese stores.

TOKYO -- Footwear retailer ABC-Mart's operating profit likely rose 2% on the year to around 32.5 billion yen ($287 million) for the nine months ended in November, as foreign tourists visiting Japan spent big on name-brand sneakers in flagship locations.

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