CARRBORO, NC - (August 18, 2009) Fleet Feet, Incorporated, nation’s leading franchisor of running specialty stores, continues to experience double digit growth despite the poor economy. The company was up 12% in the first half of the year with retail sales totaling 47.3 M. June has been the strongest month year-to-date with an increase of 14.1% over 2008. Comparative store sales remain the foundation of the company’s growth, increasing 8.4% for the first half and 11.1% in June.
The company continues to gain national attention. Fleet Feet, Incorporated made Inc. Magazine’s list of the 5,000 fastest-growing private companies in the U.S. for the third consecutive year. The Inc. 5,000 is an expansion of the Inc. 500, which Inc. Magazine introduced in 1992. The Inc. 5,000 includes the Inc. 500 but digs deeper to offer the most comprehensive look ever at the entrepreneurial engine driving the U.S. economy today.
“Our year-to-date results are a direct result of our franchisees’ ability to deliver a level of service and expertise that transcends product and price,” said Jeff Phillips, President of Fleet Feet, Incorporated. “The knowledgeable staff in Fleet Feet Sports stores provide our customers with an outstanding fitting experience and reliable product recommendations, delivered in a welcoming, friendly environment. Consistently meeting these expectations has allowed our business to thrive in a challenging economic environment.” Phillips added.