Sports Direct
This coverage focuses on Sports Direct’s activities and position within the UK retail market, detailing store developments, acquisitions, financial results, leadership changes, and strategic initiatives. Reporting examines how the company shapes its sportswear and leisure offering, adapts to market trends, and competes in a dynamic retail environment — providing retail managers and executives with insights into its operations and growth strategies.
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Sep- 2019 -12 SeptemberHigh Street
91% of Sports Direct shareholders re-elect Mike Ashley
Over 90% of Sports Direct’s shareholders have voted in favour of founder Mike Ashley’s re-election as a director of the company. A statement from the group’s AGM on Wednesday (11 September) said that 90.99% of votes cast were in favour of re-electing Ashley, with just over 9% voting against it. …
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10 SeptemberHigh Street
Sports Direct among bidders for Links of London
Sports Direct is one of two final bidders attempting to buy jewellery brand Links of London from current owner Folli Follie (FF Group), according to reports from Sky News. FF Group appointed firms Deloitte and Savigny to find a buyer for Links in late August, after the brand pulled out…
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3 SeptemberHigh Street
Sports Direct wants to ‘eliminate Debenhams as a competitor’, court hears
Sports fashion retailer Sports Direct is reportedly seeking to “eliminate Debenhams as a competitor” by funding a lawsuit which would push it back into administration, the High Court heard on Monday. At the court hearing, Debenham’s lawyer, Tom Smith QC, said the retailer believed Sports Direct was “backing the case…
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Aug- 2019 -29 AugustAdvice
Capitalising on click and collect
Many consumers are turning to click and collect for their online purchases rather than opting for home delivery. In fact, this is a growing market as shoppers recognise the convenience of picking up their goods when it suits them. For example, retailers such as Boots and Next reported that 75%…
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21 AugustHigh Street
Sports Direct approaches mid-tier firms in race for new auditor
Sports fashion retailer Sports Direct has approached mid-tier accountancy firms BDO and Mazars as it races to appoint a new auditor, according to a report by the Financial Times (FT). FT said the retailer is aiming to avoid government intervention and a possible suspension from the London Stock Exchange (LSE)…
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20 AugustHigh Street
House of Fraser extends administration period to 2020
Embattled department store retailer House of Fraser (HoF) has had its administration period extended to 10 August 2020, after being approved by its creditors. According to a report by Drapers, documents on the process of the administration will be released later on this week by ‘Big Four’ accounting firm EY.…
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16 AugustHigh Street
Sports Direct shutters eight Jack Wills stores
Sports Direct has announced the closure of eight Jack Wills stores, according to a report by the Financial Times. The affected shops are located in Marlborough, Derby, Reigate, Rock, Tunbridge Wells, Durham, Kingston and St Albans. Sports Direct acquired Jack Wills from administration on 6 August, after administrators KPMG accepted…
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14 AugustHigh Street
Grant Thornton quits as Sports Direct auditor
Sports Direct has confirmed accountancy firm Grant Thornton is to step down from its role as auditor. Sports Direct said on 13 August 2019 it received notice from Grant Thornton, “following a review of its client portfolio”, it intended not to seek reappointment as the company’s auditors and will cease…
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13 AugustFeatures
Mike Ashley’s high street monopoly
Over the past two years retail tycoon Mike Ashley has been treating the UK high street as his very own personal Monopoly board. However instead of desires to develop houses and hotels on his newly acquired property, Ashley has the grander vision of ‘saving the UK high street’ and turning…
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9 AugustComment
Halting the demise of the ‘not my department’ store
Be it House of Fraser, retail bellwether John Lewis or in-the-wars Debenhams, department stores are in the news for all the wrong reasons – whether for profit warnings, sales dips or being sued by Sports Direct. The pace of change in the retail industry is ever accelerating, and department stores…
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