Sports Direct chief executive Dave Forsey said he was pleased with the progress made by the group after it announced sales for the nine weeks to March 27 were up 10.3 per cent to £236 million.
Gross profit rose 7.3 per cent to £88 million for the same period.
“These results continue to highlight the strength of our retail division and the drive from our investment in margin and advertising,” says Forsey.
Forsey added that the company’s staff bonus scheme, introduced in 2009, had been a significant contributor to the retailer’s success: “It is our intention to extend the scheme for FY12, FY13 and beyond incorporating more aggressive targets, the full details of which will be announced at our preliminary results in July.”
On March 9 the company announced the successful refinancing of its banking arrangements.
The three-year unsecured £220 million facility comprises 10 banks led by HSBC, Barclays and Handelsbanken.
