Company News Summary
Super Retail Group Provides Trading Update
Original announcement: Trading Update October 2016
Super Retail Group provided an update on trading performance so far this financial year at AGM held on 24 October 2016. Sales performance in the automotive categories within the Supercheap Auto business has been solid, however, competitor clearance activity in the Hardware retail sector has had a negative impact on sales in the business' Tools categories. The Company expect to open up to 15 new stores in the Auto Division and refurbish up to 45 stores during the financial year. In the Leisure Division, it expects to open 14 new BCF stores, including the 11 converted from Ray's Outdoors and convert nine Rays Outdoors stores to new format Rays. In the Sports Division, the Company expect to open 14 new stores.
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