Business news : France, Groupe Go Sports's First Half Sales Decline

Groupe Go Sports reported consolidated sales for the first half 2013 reached €310.8 million ($406 mm), down by 4.0 percent on a same-store basis on a currency-neutral basis, according to its controlling shareholder Rallye.

The third largest sporting Goods retailer in France said sales at its flagship banner, Go Sport France, declined -5.8 percent amid lackluster trading. Sales at Go Sport Poland increased 0.8 percent on the strength of a 5.6 percent increase in second quarter sales. The company’s running banner, Courir, posted sales growth of 1.3 percent in the first half, marking its sixth consecutive period of sales growth.
Groupe Go Sport’s EBITDA declined to -€7,8m (-$10 mm) due primarily to lower sales. Courir and Go Sport Poland increased profitability during the period.

Rallye , which owns several major supermarket chains and operates globally, reported net sales rose 36.2 percent to €24.1 billion in the first half as it integrated two recent acquisitions.

By press release through SportsOnesource

Original press release :
http://www.groupegosport.com/sites/default/files/.pdf