Best Foot Forward As Athlete’s Foot Boosts Profit

March 1, 2010 by Cris | 0 Comments

Franchising.net.au:

The Athlete’s Foot network of franchised stores has seen a total sales growth of 11.4 percent from $72.6 million to $80.8 million for the half-year ending December 27, 2009, giving the parent company, RCG Corporation, a record profit.

Consolidated profit after tax increased by 16.8 percent from $2.5 million to $2.9 million.

The exceptional sales performance of The Athlete’s Foot stores, now numbering 141 across Australia and New Zealand, included 8.4 percent like-for-like sales growth. Six new stores were opened during the half-year, all in the new, larger format; five stores were converted to this newer footprint at the same time.

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