FRANCE: Go Sport FY turnover edges up 0.7%
French sportswear retailer Go Sport, which made a net loss of EUR17.4m in the first six months of trading in 2012, has reported a slight increase in turnover for the full year despite a poor fourth quarter.
2012 sales were up 0.7% on a comparable basis at EUR675.6m, but had dipped by 4.2% in the fourth quarter.
Growth over the 12 months was largely a result of a rise in sales by the group's Courir retail brand, which posted a record turnover in 2012. Sales growth by Go Sport Poland was also a factor. The group did not disclose its net result for 2012.
In France, the fourth-quarter results were hurt by mediocre consumption levels and a disappointing Christmas.
But new Go Sport CEO, Loïc Le Borgne, said the period had also seen the launch of an online sales website in France and the opening of the group's first franchise store in its home market.
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