July 18, 2011, 3:11 PM

The web surges ahead for Sports Direct in fiscal 2011

The U.K. sporting goods retailer increases e-commerce sales by nearly 100%.

Lead Photo

Total sales grew but not nearly as fast as online revenue for Sports Direct International LLC in the 2011 fiscal year.

For the year ended April 24, Sports Direct, No. 96 in the Top 300 Europe:

  • Web sales grew 96.9% to 95.7 million pounds ($154.0 million) from 48.6 million pounds ($78.3 million) in fiscal 2010.
  • Total sales increased year over year 7.6% to 1.56 billion pounds ($2.51 billion) from 1.45 billion pounds ($2.33 billion).
  • Comparable-store sales, which Sports Direct calls retail like-for-like gross contribution, grew 6.6%
  • Gross earnings, which Sports Direct terms underlying profit before tax, increased 32.7% to 135.5 million pounds ($218.1 million) from 102.1 million pounds ($164.3) million.
  • Sports Direct did not break any metrics, including online, for the fourth quarter.

Internet Retailer calculates the web accounted for 6.1% of total sales in fiscal 2011 compared with 3.4% in fiscal 2010.

“We remain focused on developing this revenue stream further,” says CEO Dave Forsey. “Order fulfillment and state-of-the-art information technology solutions are developed in-house with full back-up support from our national distribution centre resources in Shirebrook, Derbyshire.”

Sports Direct, a sporting good retailer, operates 387 stores in the United Kingdom and carries brands such as Dunlop, Slazenger, Kangol, Karrimor, Lonsdale, Everlast, Antigua, adidas, Nike, Reebok and Puma.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Will Devlin / E-Commerce

Three simple steps to reducing shopping cart abandonment

Payment options, a shopping cart that holds a customer’s items while she ponders the purchase ...

FPO

Adrien Henni / E-Commerce

eBay and Russian Post accelerate cross-border deliveriies

EBay and Russian Post have signed a memorandum of cooperation aimed at reducing the time ...

Advertisement