Sales up 5% in the last four months
HOLDSPORT, the owner of the Sportsman’s Warehouse and Outdoor Warehouse stores, says sales in the 4 months to December gained 5 percent. This is in comparison to competitor Mr Price, which – also yesterday – said its sales in the three months to December only gained 0.4 percent, with inflation above 10 percent. Holdsport’s gains seem to be as a result of new store additions, as comparable stores lost 0.7 percent. Total sales at Sportsmans Warehouse increased 0.5 percent, Outdoor Warehouse gained 8.4 percent, while the wholesale division’s total sales increased 46.7 percent and external sales increased by 110.8 percent. The retail divisions experienced price inflation of about 8.5 percent for the period.