Hi-Tec plc is reporting that worldwide wholesale revenues rose 9% to approximately $240 million in 2008 from approximately $220 million in 2007. U.S. wholesale revenues declined 14% to approximately $50 million in 2008 from roughly $58 million in the prior year. Wholesale revenues for the rest-of-world were up 17% to $190 million from $162 million.
Hi-Tec earlier announced a 12.5% increase in its 2008 U.K. outdoor footwear sales. The company said the brands continued growth and investment in the outdoor market maintains positive momentum for 2009 with forward sales orders increasing by over 65% compared to the same period in 2008.