Super Retail Group Hit by Australian Wildfires
While SRG continued to report progress on its strategic initiatives, two of its three sports banners saw sales reduced by the impact of the Australian wildfires that hit during the key Holiday selling season and closed a number of stores, it said on a trading update on the first half ended Dec. 28. Outdoor chain BCF sales declined 1% to A$283.5 million for the second half with a 0.5% comp decline as more than 50 stores were affected. Stores in other areas had a 3.0% comp increase. Segment operating income also fell. Macpac stores also had a 1% decline to ... Log in to view full article.