Amart Sports in Rebel shift

Townsville Bulletin - - NEWS -

SU­PER Re­tail Group will con­vert its net­work of Amart Sports shops into new Rebel stores so it can fo­cus on a sin­gle brand in its sports di­vi­sion. The sports, auto and camp­ing goods re­tailer says the move, to be com­pleted by Oc­to­ber 31, will help it of­fer an ex­panded range of ser­vices at more lo­ca­tions, con­cen­trate its in­vest­ment and stream­line its end- to- end sup­ply chain. The com­pany says there should be min­i­mal im­pact to its work­ers with Amart Sports’ em­ploy­ees be­ing re­de­ployed and trans­ferred di­rectly to the newly con­verted Rebel stores.

Su­per Re­tail ex­pects to reap $ 15 mil­lion worth of syn­er­gies and gross mar­gin im­prove­ment over two years, but an­tic­i­pates a one- off $ 34 mil­lion charge as­so­ci­ated with the trans­for­ma­tion in its FY17 ac­counts and some fur­ther costs in 2018.

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