Parent company of The Athlete's Foot, RCG, has announced another profit increase for the seventh consecutive year.
RCG has launched The Athlete's Foot online shopping site, which is another step in the execution of the retailer's multi-channel strategy.
RCG Corporations' The Athlete’s Foot (TAF) will be launching its e-commerce store with the help of IT firm Dedication Group.
While conditions continue to remain subdued, RCG Corporation said it expects to maintain its half-year profit and deliver full-year earnings per share growth.
Shoe Superstore saw sales grow 58 per cent from the prior financial year to $5.8 million, while like-for-like sales increased by 15.9 per cent.
The company, which owns Athletes Foot and Shoe Superstore, said it is confident in achieving its profit guidance of net profit after tax of between $8.4 million and $8.8 million.
The parent company of The Athlete’s Foot and Shoe Superstore said consolidated profit tax increased by 35.1 per cent from $2.9 million to $3.9 million.
The Athlete’s Foot is currently trading strongly with like-for-like sales for the five months to the end of November at 6.6 per cent.
At the annual general meeting, chairman Ivan Hammerschlag said the company's profit guidance will grow between $8.4 million to $8.8 million after tax.
The company's consolidated net profit is up by 30.6 per cent from $5.3 million to $6.9 million for the 2010 financial year.