Activinstinct, the fast growing online sports retailer, has posted strong half-year results, assisted in part by the launch of its first foreign language website.
Sales rose 27 per cent and profits jumped 44 per cent compared to the same period in 2010, while the retailer’s new French website lifted the proportion of European sales in the business to 22 per cent.
At the same time, Activinstinct has finalised another partnership agreement, this time with the Shop Direct Group, to provide ecommerce services. The arrangement is planned to start at the end of this month.
“Even in an anaemic economy and challenging market conditions we have still managed to make an impact with a set of robust results and the launch of ambitious and highly enterprising programmes,” says Mike Thornhill, Activinstinct’s CEO.
“We remain buoyant in our outlook for the rest of 2011 and believe we can continue to put the kind of strategic initiatives in place that will maintain the pace of growth in sales and profits.”
