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Super Retail Group reports decline in fishing tackle sales

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Anthony Heraghty, Super Retail Group Managing Director and CEO: reported a solid result for the business despite a decline in fishing sales.

Australia’s Super Retail Group reported a decline in sales of angling gear across its Boating Camping Fishing (BCF) stores in the year ended June 29, 2019.

The group, which has 139 BCF outlets across the country, told investors at its year-end presentation that sales increased 3.3% across the division to $514.6m with growth across all states. It added that this was spearheaded by a strong like-for-like performance from the camping and apparel categories, while fishing tackle sales declined.

Super Retail Group announced a net profit after tax of $139.3m following total sales of $2.71 billion, an increase of 5.4% compared to the previous year. Group like-for-like sales grew 2.9% with all divisions, including its automotive and outdoor leisure sectors, delivering positive growth.

Super Retail Group Managing Director and Chief Executive Officer, Anthony Heraghty, said he was pleased to report a solid result for the company during which it has:

• Grown its active loyalty club membership to over six million members. This group now represents over 56% of sales.

• Invested in building and growing its digital and omni-retail capabilities that has resulted in a 25% increase in online sales.

• Strengthened its portfolio of powerful brands by investing  in the capability and systems of its Macpac outdoor clothing, backpack and camping business for continued expansion and successfully converting nine Rays stores into Macpac outlets. The company was acquired by Super Retail Group in March last year.

Filed In: Product News