Super Retail Group Results Gain
Improvements in the sports retailing and outdoor retailing segments helped the company report a 78% increase in net income to A$73.8 million ($56.8 mm) against A$41.5 million on a 7% sales increase to A$1,296.6 million ($998.6 mm) from A$1,216.3 million for the first half ended Dec. 31. The sports retail group, which includes Amart Sports and Rebel Sports, had a 20% increase in EBIT to A$50.9 million on a 9% sales gain to A$490.5 million with comp store sales up 6.0%. Apparel was especially strong and e-commerce sales for the division rose 73%. The Leisure ... Log in to view full article.