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

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: IMF

Textiles | On 18th Jan 2017

Risks to global growth outlook skewed to downside: IMF

Risks to the global growth outlook are two sided but are assessed to...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search