Decathlon is more than ready for a fresh start after its transformational year 2023. Despite “unprecedented circumstances”, the sports retailer earned 4.4 % more last year.
Growth despite circumstances
The French company managed to raise its sales by 4.4 % (excluding exchange rate effects) to 15.6 billion euros – although adjusted for exchange rates, sales only climbed 1.15 %. E-commerce accounted for 17.4 % of the company’s turnover, up slightly compared to a year earler. Net profit also went up slightly as well, to 931 million euros.
“We laid many foundations for the future and I am pleased with the result that we achieved”, CEO Barbara Martin Coppola stated. She is particularly proud of the 10 % reduction in carbon emissions. The company also recorded 420 million euros in circular turnover (i.e. from second-hand sales and rentals). Decathlon also revamped its e-commerce platforms worldwide and established a digital logistics chain that led to improvements in stock management, transport costs and delivery times.
CEO Barbara Martin Coppola called 2023 a year of “globally unprecedented circumstances”, in which the sports chain also took the opportunity to implement a transformation plan. The chain unveiled a new brand identity and positioning last month. As part of that new positioning, Decathlon also reduced the number of its private label brands last year and over 1,700 shops are being revamped. Decathlon sees great potential in India for both production and retail sales, as increasing prosperity is fuelling a growing sports culture.
