For the first half of the year, Iberian Sports Retail Group (ISRG) has posted sales of €621 million, for a year-on-year increase of 71 percent. A joint venture between Britain’s JD Sports (50%), Portugal’s Sonae (30%) and the Segarra family (20%), ISRG handles the business of the Sprinter, Sport Zone and JD Sports brands on the Iberian Peninsula.
According to Sonae’s report for the half-year, e-commerce expanded to account for 20.2 percent of all ISRG sales, thanks mainly to last year’s acquisition of Deporvillage. The venture’s profitability, the report goes on to say, was able to withstand rises in energy and transportation costs, as well as “some channel mix affecting the margin.” Ebitda amounted to €49 million, up year-on-year by 7.7 percent.
According to Palco23, ISRG’s plans this year include the opening of 25 own stores in Spain and two in Portugal.
