THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Sales at Sports Direct up 11.5%

Sports clothing and accessories retailer Sports Direct has announced that group sales have grown by 11.5% in the nine weeks to 25 September.

GENERAL MERCHANDISE

Sales at Sports Direct up 11.5%

Total sales reached £329 million in the period, up from £295 million in the previous year. Gross profit increased by 12% to £131 million.

Retail division sales grew 12.1% to £296 million, and retail gross profit increased 13.3% to £119 million.

In a statement issued today Sports Direct said the group's strong performance had been underpinned by the introduction of its Employee Bonus Share Scheme in 2009 and a new four-year scheme announced earlier this year.

Dave Forsey, chief executive of Sports Direct, commented: "The Group has delivered strong growth through the second quarter, further validating our resilient business model.  The strong trading highlights the positive sales growth achieved post the tough FIFA World Cup comparisons, while we have continued to invest in margin, inventory and additional Group marketing.

"We remain positive about the Group's outlook and are excited about the opportunities in 2012 with the officialSport Relief T-Shirtavailable exclusively in stores and online from 19 January 2012 and both UEFA EURO 2012 and the London Olympics in the summer."
 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing