The group said that the improvement in net income resulting from exceptional proceeds from the sale earlier this year of the right to lease the Run store on the Champs Elysées in Paris . Accordingly including the decrease of sales , the gross margin of the Group amounted to € 259.2 million, a decrease compared to 2012 also .
Only positive point , the net financial debt of the Group fell by € 16.1 million over the year to € 85.7 million , partly because of its efforts on stocks. These are down € 19.6 million for the year, thanks to the control of commitments at Go Sport and Running with good flow and old collections. These destocking actions had an impact on the gross profit margin decreased by 0.7 percentage points compared to 2012 .
" Back to basics "
The group's difficulties are mainly due to those of Go Sport France ( turnover of € 413.5 million ), whose sales fell 7.2% on a comparable basis in 2013. The brand has set a target of "back to the basics of trade" which will result in 2014 with a strengthened international brands , including promotional plan, greater autonomy conferred store managers partnership , particularly local adaptation of the offer, the revival of the loyalty program of teaching , new openings free and logistics optimization plan .
Go Sport SA halted the remodeling of
70 stores in France to save money, French weekly newsletter La
Lettre de L’Expansion said, without saying where it got the
information.
The group is expanding in Poland and is also planning to develop the franchise in Dubai, La Lettre said.
The group is expanding in Poland and is also planning to develop the franchise in Dubai, La Lettre said.
Groupe Go Sport (Paris:GSP):
Place de cotation : Euronext Paris
Compartiment : Eurolist C
Code : ISIN : FR00072456
| Date | Nombre total d’actions composant le capital social | Nombre total de droits de vote | ||
| 31 janvier 2014 | 11 332 569 | Total brut de droits de vote : 14 133 301 | ||
| Total net* de droits de vote : 14 045 590 |
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