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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Jul- 2023 -28 JulyDepartment Stores
Large House of Fraser stores to be kept ‘under review’
Frasers could reportedly close larger House of Fraser stores in the future as the group continues to reassess its department store portfolio, The Guardian has reported. The group has already seen a net decrease of eight House of Fraser stores in the past year, as revealed in its full-year results…
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27 JulyHigh Street
Frasers profits nearly double amid sports retail growth
Frasers group has posted profit before tax of £660.7m for the year ended 30 April 2023, nearly double the £335.6m profit it posted last year. The company stated that this profit increase was mainly driven by a profit growth from its sports retail business from £2.64bn in 2022 to £3.08bn…
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25 JulyShopping Centres
Frasers owner makes £50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported. This comes as the shopping centre is being sold by Landsec,…
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3 JulyLuxury Goods
Mulberry turns down Mike Ashley’s attempt to join board
Mulberry has reportedly rejected Mike Ashley’s efforts to join its board, according to The Times. It is understood that in recent weeks the Sports Direct founder has met the luxury handbag retailer’s executive team to attempt to join the boardroom. This comes as he “grew frustrated” about what he believes…
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Jun- 2023 -26 JunePeople Moves
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other companies amid an acquisition spree, The Sunday Times has reported. Frasers currently operates its own shopping centres in Luton and Dundee, with an aim to acquire more outlet centres in…
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May- 2023 -26 MaySport & Leisure
Man City opens interactive store at Manchester Arndale
Manchester Arndale has announced that Manchester City is set to open the club’s new store in the former Pink unit within the shopping centre. Opening today (26 May), the interactive store offers merchandise ranging from the team kits, including the recently released 2023/24 home kit, and training apparel, as well…
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15 MaySport & Leisure
Sports Direct opens new store at Braehead Centre
Sports Direct is set to open a new store in the Braehead Centre. The brand will relocate and upsize from its existing store in the retail park to a new 20,000 sq. ft store on the upper level of the main centre. The new store will feature the “best brands”…
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2 MaySport & Leisure
Castore forecasts 100% revenue growth to $250m in 2023
British sportswear brand, Castore, has revealed it expects 2023 revenues to jump 30% to $250m (£200m), and a representative increase of 100% year on year. It said the performance is attributed to a number of key factors including new kit deals for new teams in Europe such as, Feyenoord Rotterdam…
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Apr- 2023 -27 AprilDepartment Stores
Frasers Group to unveil own version of Amazon Prime
Michael Murray, the chief executive of Frasers Group, has revealed at this year’s World Retail Congress in Barcelona that the group will be unveiling its own version of Amazon Prime, Retail Week has reported. The new membership scheme, which will be called ‘Frasers Plus’, would be a membership programme and…
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Mar- 2023 -23 MarchNews
Frasers to open third Sports Direct flagship in Manchester
Frasers Group is opening a third Sports Direct flagship store in Manchester’s Arndale Centre on 24 March. Set across five floors, the store will comprise sport, leisure, e-sports and fashion clothing across 50,000 sq ft. This will be the retailer’s most elevated concept store yet. Some dedicated interactive areas will…
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