Sports Direct Interim Report Suggests Progress in U.S. Stores
While the Rest of World segment includes 30 stores in Malaysia in addition to the 50 Bob’s and Eastern Mountain Sports stores in the U.S., the segment shrank its H1 loss ended Oct. 28 to £7.0 million ($8.8 mm) from £23.0 million in the prior year as sales for the segment rose to £100.7 million ($126.6 mm) from £78.6 million, which was attributed largely to improved sales at the U.S. operation. A major gain was in the gross profit margin to 39.9% against 17.6% against a period when the U.S. operation was in heavy clearance mode. There was one additional ... Log in to view full article.