French sports goods retailer Decathlon has announced its financial report for full year 2016. The retailer’s revenue increased by 12 per cent to Euros 10 billion, excluding taxes.
In the period under review, Decathlon noted a sales growth of 2.2 per cent in France where it opened eight additional domestic outlets. Online sales also zoomed from 3.1 per cent in 2015 to 4.1 per cent in 2016. The company revealed that international sales represented 67 per cent of total group revenue.
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The world’s largest sporting goods retailer is now planning to expand its reach in Israel, Canada and Philippines in the current year. It forayed into Mexico, Ivory Coast, Malaysia, Singapore and Slovenia market in 2016. France however remains Decathlon’s biggest retail market by far with 301 stores, followed by China and Taiwan (214) and Spain (149).
