Go Sport has announced plans to replace its CEO François Neukirch after the French sportswear retailer tabled a net loss of EUR17.4m (US$17.5m) over the first six months of trading in 2012.

It follows a net loss of EUR14.4m over the same period of the prior year.

Neukirch is replaced by Loïc Le Borgne, who joins Go Sport from French clothing chain Kiabi, where he was international director. Previously, Le Borgne spent 21 years with Auchan.

Go Sport's first half-year turnover was up 1% on a like-for-like basis to EUR324.1m in "difficult economic conditions."

More positive news came from the group's Courir retail brand which increased sales by 5%, its fourth consecutive quarterly increase, in comparable terms.

In February this year, just-style reported that Go Sport planned to increase its capital by EUR30m amid deepening losses.

Go Sport said that following the success of this operation, the board was now looking to initiate a new phase in the company's recovery, under the direction of the new CEO, with a particular focus on revitalising sales.