Home / Knowledge / News / Apparel/Garments / Sports Direct sales surge 18% in 13-weeks to Sept 10
Sports Direct sales surge 18% in 13-weeks to Sept 10
11
Sep '13
Sports Direct International plc, the UK’s leading sports retailer, today announces its Interim Management Statement relating to the period from 29 April 2013 to 10 September 2013.

Current Trading Update

Group sales for the 13 weeks ending 28 July 2013 were up 18.2% to £613.3m (2013: £519.0m) and gross profit increased 23.2% to £260.1m (2013: £211.1m). (1) (2)

Sports Retail sales in the 13 week period increased 14.5% to £505.3m (2013: £441.4m), and Sports Retail gross profit increased 20.3% to £215.6m (2013: £179.2m). (1)

UK Sports Retail square footage at 28 July 2013 was circa 4m sq. ft. (2013: circa 4m sq. ft.).

Premium Lifestyle sales in the period were up 98.3% to £57.1m (2013: £28.8m) with gross profit increasing 91.7% to £23.2m (2013: £12.1m). (2)

The Brands division revenue increased by 4.3% to £50.9m (2013: £48.8m), and the corresponding gross profit increased by 7.6% to £21.3m (2013: £19.8m).

There has been no material change in the financial position of the Group since the end of the most recent reporting period on 28 April 2013.

Sales and gross profit of Sports Eybl & Sports Experts AG, which was acquired on 26 June 2013, are excluded from these figures.

Sales and gross profit of Republic, which was acquired on 28 February 2013, are included in the current period figures, but not the prior period.

During this period, UK Sports Retail has opened 11 and closed three core stores, three of which were core relocations.  We also opened two non-core stores.  European Sports Retail opened three stores - one in Spain and two in Poland.

Dave Forsey, Chief Executive of Sports Direct International plc, said, “As we highlighted at our Preliminary Results in July, the Group has experienced a strong start to the year with trading ahead of management’s expectations.  This performance is in part attributable to the historic investment in gross margin; the on-going investment in product range and availability; and continued optimisation of our online and in-store product offer.

“Weare in the process of integrating our recent acquisitions, including Republic in the UK, Sports Eybl & Sports Experts in Austria and Sportland in the Baltic region.  As a result, we continue to target our internal stretch underlying EBITDA target of £310m (before the charge for the 2011 Employee Bonus Share Scheme).”

Sports Direct


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.8%
No
13.0%
Skip
10.1%

Total Votes: 69

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.3%
No
27.5%
Skip
10.1%

Total Votes: 69

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.5%
No
10.1%
Skip
4.3%

Total Votes: 69

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.4%
No
11.6%
Skip
13.0%

Total Votes: 69


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search