FRANCE: Go Sport narrows net losses to EUR17.3m
French sportswear retailer Go Sport saw its net losses narrow during 2013 to EUR17.3m (US$23.8m), down from EUR21.9m in the prior year.
The reduction in full-year losses was a result of the funds generated from the disposal of leasehold rights on its Courir brand store on the Champs-Elysées, in central Paris, in the first half of last year.
Turnover was down 4.6% on a comparable basis to EUR641.9m.
Go Sport went on to underline that the upturn in its promotional activity in France in the fourth quarter of 2013 had led to a marked improvement in sales trends.
During the first six months of trading, the company recorded a net loss of EUR8.6m against a EUR17.4m loss last year, while turnover was down 4.1% to EUR310.8m.
- Supply chain takeaways from Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- What's 3D-printing doing for apparel and footwear?
- Labelling – The importance of the fine print
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- US Q2 in brief - Burlington Stores, Destination XL
- Zara USA faces US$5m deceptive pricing lawsuit
- EU clothing imports from China continue to plunge
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Myanmar's Garment Sector in 2015 - now with updated members' directory