Super Retail Group Explained

Super Retail Group Limited
Type:Public
Founder:Reg Rowe
Key People:Anthony Heraghty (CEO)
Location:Strathpine, Queensland, Australia
Locations:716[1]
Industry:Retail
Revenue:AU$2.71 billion[2]
Revenue Year:2018-19
Profit:AU$139.3 million
Profit Year:2018-19

Super Retail Group Limited is an Australian-based company which owns and operates a portfolio of retail brands across Australia and New Zealand. The brands include automotive retailer Supercheap Auto, outdoor and leisure retailers Macpac and BCF and sporting retailer Rebel (formerly Rebel Sport).

History

The company was founded in 1972 as a mail-order business selling automotive accessories from the Brisbane home of founders Reg and Hazel Rowe. The company opened several stores over the following decades, changing the name of the company to Super Cheap Auto in 1981 before returning to Super Retail Group in 2010.[3] [4]

As Super Cheap Auto, the company was listed on the Australian Stock Exchange[5] at $1.97, which earned the co-founders $81.8 million.[6]

In 2010, the company acquired Rays, a camping and outdoor goods store.

In 2011, the company acquired Rebel Sport and Amart Sports. In 2017, the Amart Sports brand was discontinued and merged into the Rebel Sport brand.[7] The merger was designed to allow a focus on a single sporting goods brand and reduce costs.[8]

Super Retail Group has also expanded into online sales.[9]

In about April 2018 several Rays began to be liquidated, with the remainder stores planned to be merged with its recently acquired, New Zealand chain Macpac.[10]

In December 2019 the group moved into their new $75 million office building situated on 6 Coulthards Ave in Strathpine.

Assets

Former assets

Notes and References

  1. https://media.supercheapauto.com.au/corp/files/documents/FY22%20Full%202c325ba2.pdf
  2. Web site: Super Retail Group sees growth across the board. 15 August 2019. Dean. Blake. Inside Retail.
  3. Web site: Our Journey. 6 December 2017.
  4. Web site: QLD Rich List 2013: Reg and Hazel Rowe. The Courier-Mail. 25 August 2013. 6 December 2017. Daryl. Passmore.
  5. Web site: What Super Retail Group is doing right: CEO Peter Birtles shares his trade secrets. Engel. Schmidl. Smart Company. 31 October 2012. 6 December 2017.
  6. Web site: Super Cheap Auto grinds to a halt. 16 August 2006. 6 December 2017. Intelligent Investor.
  7. Web site: Amart Sports to merge with Rebel. 25 July 2017. 6 December 2017. news.com.au. Frank. Chung.
  8. Web site: SUPER RETAIL GROUP STAYS AFLOAT IN TURBULENT INDUSTRY. 25 August 2017. 6 December 2017. Business News Australia. Yasmin. Bonnell.
  9. Web site: Super Retail Group explores its options in the market and is improving digital offerings. Stephanie. Bennett. The Courier-Mail. 27 August 2017. 6 December 2017. subscription.
  10. Web site: Ray's Outdoors has a 60-year history, but it's closing in Ballarat . thecourier.com.au . April 17, 2018 . 2019-10-26.