Decathlon, the French retail bigwig, has seen its UK revenue drop by 4.5 per cent to £225.7 million in the year that ended 31 December 2020.
The online revenue in retailer’s UK business too rose by a whopping 122.4 per cent. However, it is imperative that it made an overall loss before tax of £5 million during the said period.
What’s notable is that the loss is narrower than what Decathlon had made a year before (£7.5 million). The retailer, reportedly, also said that it still sees the UK as a strategically significant market.
Here it is important to mention that back in 2020, Decathlon had invested £1.2 million in the launch of a new store in Aberdeen, spread over an area of 18,300 square feet, to fulfil increased demand in Scotland.
Decathlon was founded in 1976 and is known for its range of sports apparels, equipment and accessories.