However Rebel’s click and collect ratio came in at 26 percent of online sales, suggesting fitness buffs have less inclination to head to the mall than rev heads, tradies and home mechanics. So far so good, at least in terms of the split between footfall and home deliveries. It has no net bank debt. Excluding $939.3 million in lease liabilities, the group was in a net cash position of $37.3 million as at the end of FY20, an improvement of $424 million compared to the prior corresponding period. Super Retail Group says its 2017 financial year has started solidly, but competitive clearance sales from rival Masters has dented tools sales for its Supercheap Auto business.
Mr Birtles said that negative impact was likely to continue throughout the first half but Supercheap Auto's market share could grow in the second half.
Supercheap Auto like-for-like sales grew 6.3 per cent over the 12 months to June 30, while same-store sales in sporting brand Rebel rose 2.7 per cent. Gross margin is also tracking ahead of the prior comparative period, he added. The Macpac business qualified for JobKeeper in Australia, and Macpac and Supercheap Auto qualified for the government’s wage subsidy in New Zealand. Culling duplicated capabilities across brands and decluttering a “complex legacy environment” are also in the mix. But while the approach is seen as viable over the medium to long term, it typically takes longer to fire-up because existing inventory and sales and distribution systems need to be tightly integrated with new online platforms and CRMs. The company was not immune to delivery delays, however; and Rebel suffered from inventory issues related to a cyber attack on Toll earlier this year, showing that there is “more work to be done”, according to Heraghty. EBITDA excluding the impact of the AASB 16 was $328.1 million, a 4.3 per cent increase year on year. It’s a tougher sell to sports heads, with Rebel chalking up $95 million in annual online sales, a jump of 33 percent with online sales making up 9 percent of total sales that were also around $1 billion. The company’s NPS, a measure of customer satisfaction, rose 1.8 per cent in the year to 60.7.
$15.00 POLYESTER DRIFT TEE WITH QUICK DRY TREATMENT, SELF FABRIC COLLAR AND PRINTED LOGOS. But the company’s true achievement, according to Heraghty, is that it was able to handle the surge in online shopping while providing a similar if not better customer experience. Supercheap Auto booked a jump of 25 percent in online sales to $60 million for the full year to June 2019, but of that 65 percent were click and collect across its 323 stores.
Including the new leasing standard, it was $265 million. However, the benefits of these changes are expected to reverse in the next financial year. The owner of Rebel and Supercheap Auto has become the third major company to reveal wage errors over the past three days, as it unveiled an additional $8m in …
EBIT excluding the impact of the new leasing standard was $236.1 million, a 3.5 per cent increase year on year. Super Retail Group says its 2017 financial year has started solidly, but competitive clearance sales from rival Masters has dented tools sales for its Supercheap Auto business.