Rallye has reported 2018 revenues of €885 million for Go Sport, its French multi-sport retail chain, representing a 9.8 percent increase as compared with 2017. On a same-store basis and at constant currencies, the sales increase was of 4.9 percent. Excluding Courir, which Rallye has recently sold, revenues totaled €494 million and were up by 5.4 percent versus 2017, while the increase was of 3.3 percent on a same-store basis and at constant currencies.
Rallye finalized the sale of Courir to Equistone Partners Europe for €283 million on Feb. 28, as previously reported (SGI Europe Vol. 30 n°9+10 of March 6). As of Dec. 31, 2018, Go Sport had 328 stores, 77 of them outside of France. The chain shut down ten stores in 2018. Two new Go Sport stores were inaugurated in Poland last year.
Early this year, Philippe Favre was appointed to replace André Ségura as the new chief executive of Go Sport, while Brice Garnier was appointed as general manager to assist him in the new phase. Both Favre and Garnier are members of Prospheres, a French consulting firm specialized in turnarounds and company transformation.
The change of management is believed to be intended to boost the profitability of the remaining Go Sport business, which may determine its future position within the Rallye group and its parent company, Casino. A new store format inaugurated in the Levallois-Perret district near Paris has reportedly given encouraging results. Casino suffered a net loss of €54 million in 2018 against a net profit of €101 million in the previous year.