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The overwhelming number of Aussie fans who donned the green and gold for the soccer World Cup has helped Rebel Sport kick a few goals of its own. The sportswear and sporting goods outfit lifted its annual sales by 17.1 per cent to $371.2 million.
Rebel Sport said sales on a same store basis rose by 10.8 per cent in the year to July 1, 2006.
Total group sales for the June 2006 quarter increased by 25.2 per cent, or by 18.9 per cent on a same store basis.
Rebel Sport said the FIFA World Cup as well as the AFL, rugby league and rugby union kicking off their seasons, helped the retailer achieve a very strong June quarter.
"The soccer World Cup and the season commencement of the major football codes inspired a lot of Australians to support the Socceroos and other teams by purchasing supporter wear from Rebel Sport stores," managing director Stephen Heath said in a statement.
"This contributed to the very strong June 2006 quarter."
Rebel Sport opened six new stores during the 2005/06 year, in Western Australia, Victoria, Queensland and New South Wales.
The company also opened two more of its Glue youth fashion stores in Penrith and Tuggerah in NSW.
It closed its Rebel Sport Darwin store in April.
The company currently has 61 Rebel Sport stores and 10 Glue stores, and expects to open six new Rebel Sport stores this financial year.
In February, Rebel Sport, in which electronic and consumer goods retailer Harvey Norman Holdings Ltd has a stake, posted a record first half net profit rise of 28.5 per cent to $12.9 million.
Rebel Sport shares were five cents higher at $3.40. Source: The Age (AAP) [Link]
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