Decathlon has revealed plans to create 200 new jobs in the UK by 2021. This will be done mainly through investing in a new warehouse to support its growing business.
The retailer opened the doors to seven new stores last year, and redeveloped its campus store and headquarters in Surrey Quays. This meant that losses where in line with management expectations. Annual sales increased by 14.4% during the year, with online sales growing by 19.6%.
Alberto Bottan, chief financial officer at Decathlon UK said, “While 2018 was a challenging year for the retail sector for a variety of reasons, 2019’s year-on-year performance has been very encouraging. Already we are seeing positive 2019 YTD performance with 15.9% total growth, including 27.1% growth in online turnover.
“There has also been encouraging performance across the UK, including a profitable first year for our new concept compact store in High Street Kensington,”
