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Big step for The Athlete’s Foot operator

August 8, 2009 | Sydney Morning Herald

RCG Corporation has signed new long-term licence agreements for its The Athlete’s Foot business in Australia and New Zealand under which it will pay no ongoing licence fees to the US licensor.

It comes as the retail company also updated the market on its recent trading performance, with The Athlete’s Foot performing ”exceptionally well” despite challenging market conditions during the current economic downturn.

The company said like-for-like sales growth for the six months to the end of June 2009 was 17 per cent, resulting in total like-for-like sales growth for the full financial year of 11 per cent and total sales growth of 15 per cent.

 

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