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Chiyoda profit seen leaping 10% on sneaker sales

TOKYO -- Footwear retailer Chiyoda is on track to a stronger performance this fiscal year as women flock to Converse and New Balance sneakers.

     Group pretax profit is expected to jump 10% to around 11 billion yen ($98.4 million) in the year through February 2017. Sales will likely edge up to about 145 billion yen.

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