Shoe-seller RCG looks to online sales kick

August 29, 2017 | The Daily Telegraph

RCG Corporation, owner of The Athlete’s Foot shoe chain, will use three-hour delivery as a drawcard for its online operations to combat the presence of Amazon and amid weak consumer spending. The shoe retailer, which is also distributor of a string of footwear brands including Vans, Platypus, Merrell and Dr Martens, impressed investors on Monday with earnings at the top of its guidance. The group’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $78.3 million for the year to July 2 was up 30 per cent on the prior year, while its underlying profit rose 21 per cent to $39.9 million.

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