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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Feb- 2025 -26 FebruaryClothing & Shoes
Sports Direct launches new membership scheme
Frasers Group has announced the launch of a new membership scheme for Sports Direct, with a benefit-based programme designed to “reward loyal customers with exclusive benefits, personalised offers and a seamless omnichannel experience”. The retailer said members will receive tailored rewards and offers, available both in-store and online at Sports Direct…
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Dec- 2024 -16 DecemberNews-In-Brief
Today’s news in brief-16/12/24
Isak Andic, founder of the global fashion retailer Mango, has died at the age of 71 following a tragic hiking accident in the Montserrat mountains near Barcelona. Spanish media reported that Andic fell down a 150-metre ravine while exploring deep caves in the region. Born in Turkey and later settling…
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16 DecemberSport & Leisure
Sports Direct opens new 29,000sq ft store in Westfield White City
Frasers Group has opened its latest Sports Direct’s latest store in London’s Westfield White City Shopping Centre. Complementing Sports Direct’s first flagship, situated on London’s Oxford Street, the retailer’s new White City location aims to bring a “cutting-edge retail experience”. Spanning 29,000 sq. ft across two floors, Sports Direct White…
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5 DecemberHigh Street
Frasers lowers profit guidance as H1 sales fall 8.4%
Frasers Group has lowered its profit guidance for FY25 to between £550m to £600m, having seen its sales fall by 8.4% to £2.45bn in the first half to 27 October. This downgrade is from an earlier boundary of £575m to £625m, as Frasers noted that recent trading conditions have been…
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3 DecemberNews-In-Brief
Today’s news in brief-3/12/24
Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to £27.4m and revenue dropped 15% to £619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
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3 DecemberSport & Leisure
Mike Ashley ‘met by stone wall’ in HMRC data dispute
Sports Direct boss Mike Ashley has launched legal action against HMRC, saying that the government body made “extensive” breaches of data protection, The Times has reported. The High Court has heard that Ashley was “met with a complete stone wall”, having requested his personal data after HMRC made him aware…
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Nov- 2024 -27 NovemberNews-In-Brief
Today’s news in brief-27/11/24
The House of Lords Built Environment Committee has urged high streets to evolve beyond retail to reverse their decline. Its report highlights over 10,000 store closures in 2023, emphasizing that the traditional dominance of retail is outdated. Instead, demand is shifting towards leisure, dining, and public services such as health…
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27 NovemberSport & Leisure
Frasers acquires South African sports retailer Holdsport
Frasers Group has expanded its global footprint through acquiring South African sporting, outdoor and recreation goods company, Holdsport.It acquired the retailer for an undisclosed sum from Old Mutual Private Equity (OMPE) and Holdsport’s management, and the transaction is expected to close in the coming months. Holdsport operates across retail, wholesale,…
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18 NovemberPeople Moves
Frasers lines up former FRC boss as chair
Frasers is reportedly lining up former Financial Reporting Council (FRC) boss Sir Jon Thompson to replace David Daly as its chairman sometime next year, according to Sky News. The outlet reported that while the move has yet to be officially announced, its sources believe it is more than likely to…
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Oct- 2024 -21 OctoberNews
Frasers backs N Brown takeover deal amid Mulberry plans
Frasers Group has confirmed that it backs the takeover deal of N Brown by the Alliance family and has agreed to the sale of its 20% stake in the company for £38m, as it continues its efforts to strike a deal with luxury brand Mulberry. Frasers Group, owner of Sports…
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