FRANCE: GoSport 2000 Sales Fall Flat
The chain said the fourth quarter had been adversely affected by bad weather and the disappointing results of a large-scale pre-Christmas promotion.
Courir, the sports shoe retail chain that took over GoSport last year in a merger, continued to perform better last year, with an increase of 4.4 per cent on a same store basis.
GoSport's poor performance in France and continued losses in Belgium and Poland didn't prevent the group from improving its operating profit by 22.5 per cent last year on a pro forma basis to 31.6m euros. The increase was attributed to better purchasing conditions and improved inventory management.
The company plans to open another 30 stores this year, including its fourth Polish outlet in Katowice. Nine other GoSport shops will open in France.
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Using worker surveys to drive supply chain change
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Gap unveils five-year sustainable fibres pledge
- US textile industry applauds Trump executive order
- Pentland Brands reveals Berghaus factory list
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report