Decathlon online revenue rises despite Covid-19 losses

Decathlon
Despite its losses, online revenue rose 122.4%
// Decathlon business affected by Covid-19 during 2020
// Revenue in the UK during the year dropped 4.5% to £225.7m
// Turnover growth overall decreased to 4.5%

Decathlon has revealed that its business has been heavily impacted by the Covid-19 pandemic.

Revenue in the UK during the year dropped 4.5% to £225.7 million, according to files for its UK accounts for 2020.

The business reached revenues of €11.4 billion globally.


READ MORE: Decathlon fined £1.2m over incorrect warning labels


Despite its losses, online revenue rose 122.4% in the UK compared to 2019.

This illustrated the different trends in consumer behaviours during the height of the pandemic.

Turnover growth overall decreased to 4.5%, compared to a 10.3% rise in 2019 as stores were forced to close during government mandated lockdowns.

Despite opening a new store, the business reduced its staff count by 77 employees and closed two locations.

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here