Cisalfa Sport grew by 8.2 percent to €380 million in the financial year ended in February, with an increase of 3.9 percent on a same-store basis. The leading Italian sporting goods retailer inaugurated a new store layout, called Cisalfa 3.0, and opened four new stores.
A new e-commerce platform, www.cisalfa.it, was launched on Jan. 15, and it is being integrated with the company's physical stores as part of an omni-channel development program for which Cisalfa has allocated investments of €5 million. Capital expenditures amounted to a total of €9 million.
Cisalfa's store network now has a total of 145 doors, about 20 of which measure more than 2,000 square meters. The management is looking at a total of between 160 and 170 stores in the medium term, while aiming for full omni-channel capability. According to Cisalfa's chief executive, Vincenzo Mancini, the internet should have a 50 percent share in the company's future stores.
The retail sales of Intersport Italia, a voluntary group of independent retailers for which Cisalfa has the Italian master license, remained relatively stable overall at a level of €840 million. Besides Cisalfa's stores, Intersport Italia's store network consisted of 217 points of sale, 22 of which were also franchises operating under the Intersport banner.
Including the results of Intersport Italia, the Cisalfa Group reached consolidated revenues of €460 million, up from €429 million in the prior year. As in the previous year, the group generated Ebitda of nearly €33 million. It booked net earnings of €12 million, which will be reinvested in new projects.
