• RCG: Strong results reported.
    RCG: Strong results reported.
Close×

RCG Corporation has reported nothing but good news with regard to the performance of its The Athlete's Foot and Shoe Superstore retail banners.

The publicly listed company revealed The Athlete's Foot experienced sales growth of 9.7 per cent in the six months to December 26, 2010, will total sales measuring $88.7 million. Like-for-like sales were up 6.1 per cent.

RCG's comfort footwear business, Shoe Superstore, also experienced a jump in sales in the same period, with total sales lifting from $1.95 million in the first half of 2009/10 to $2.3 million in the first half of 2010/11. Like-for-like sales grew by 18 per cent.

The sales figures pushed RCG's consolidated net profit after tax to $3.9 million, an increase of 35.1 per cent on the prior year and a reported "record" result. 

The close of 2010 also represented the first full year of trade for RCG Corporation's newest division, RCG Brands. Product in the wholesale division includes Merrell footwear and apparel and, as of December 2010, footwear brands Chaco and Cushe.

RCG Corporation chairman Ivan Hammerschlag said the company was impressed with the achievements of its newest division.

“We are very excited about the prospects for our wholesale business and are actively seeking other quality distribution licences. We hope to be in a position to finalise a further licence before the end of the financial year,” Hammerschlag said.

RCG currently operates 145 The Athlete's Foot stores, four Shoe Superstore locations, and one Merrell flagship store. Brands on offer at the company's retail outlets include Rockport, Ecco, Clarks, Adidas, Asics and Saucony.

comments powered by Disqus