Rebel Sports and SRG’s Outdoor Banners Recover Down Under
Rebel sports sales increased 5% to A$1,361.7 million ($871.5 mm) from A$1,298.9 million for the fiscal year ended July 1, including a +3.5% comp on gains in both total transactions and ATV. Broad-based growth was led by footwear, licensed apparel, women’s apparel, and fitness tech. Sporting equipment was back to green arrows after a stretch of consolidation. Online sales were 12% higher at A$248 million, up 100 b.p. in top line penetration to 18% of sales. Segment gross margin contracted 110 b.p. on elevated stock loss activity and loyalty program launch ... Log in to view full article.