Thought it was time to start a thread.
RCG is an Investment Holding company which owns the Athlete's Foot in Australia and New Zealand.
They have achieved like-for-like sales growth of 10% for the 4 months to October 09 compared to 08.
They also recently announced sales growth of 30% in their new re-furbished large format stores which they are progressively rolling out into 2010.
Even though most stores are mall based, they recently acquired the 3 North Sydney based Shoe superstore.
They also recently bought out the licence/royalty rights of the US parent for the next 249 years, which they claim will be appreciative to earnings to the tune of $1.2M a year and also enable them to increase floor product by roughly 150 new lines (that's a guestimate ). And also have made an agreement as the Sole distributor of Merrill footwear throughout Australia. Looks like they are expanding to wholesale to compliment their retail spread.
They have over $20M cash, no debt and what looks like good sales growth.
Tariffs on footwear have also been lowered to 5% which should also add to earnings into 2010 and beyond.
Currently sitting on 57cents a share. Management also claim that 70% of profits will be passed onto shareholders in the form of dividends.