Decathlon opening up to five stores in VIC next two years. Guess there are many more other Aus stores coming too. Might hit Rebel and Rays/Macpac a bit I suspect. From: https://www.insideretail.com.au/news/decathlon-announces-first-victorian-store-201806 “Building on the success of our website and our first store in Tempe, Sydney, we want to maintain the momentum by opening further stores across Australia. The people of Australia have embraced our brand and we are excited about this. “Today, I am announcing that we will be opening up to five stores in Victoria over the next two years.” Arriving in Australia in 2017, Decathlon opened its first store in Tempe, New South Wales late last year. Since opening, the store has sold over 60,000 items on average per month, attracting 500,000 visitors per month and selling over 600,000 items to date in total including online sales. The first Victorian store will open in Box Hill South, 249 Middleborough Road, in late November 2018. “At the same time, we will also open our second store in New South Wales, 300 Parramatta Road, Auburn,” said Robinet.
SUL Price at posting:
$8.21 Sentiment: Sell Disclosure: Held
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