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.
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