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.... Time and time again, they have failed to rein in Ashley and I fail to see how a worker could do anything more. “Without fundamental and structural reform, a wholesale change in the behaviour of the largest sports retailer in the UK is very hard to imagine. ... [Read full article on Guardian ]
Thursday 9th of March 2017 09:38:42 AM
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Latest Finance News related to Sports Retailer

Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
.... Time and time again, they have failed to rein in Ashley and I fail to see how a worker could do anything more. “Without fundamental and structural reform, a wholesale change in the behaviour of the largest sports retailer in the UK is very hard to imagine. ...
Sports Direct buys French Connection stake as battle looms image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:13:28 PM
....9m for the six months to 31 July and its shares have plummeted in value by 57% since May 2014. On Thursday Meidar welcomed Sports Direct’s investment in French Connection, although he said Gatemore had not been in contact with the sports retailer and did not know its intentions. ...
Sports Direct chairman criticises 'extreme campaign' as profits fall 57% image
Source : Guardian [Read Article] Thursday 8th of December 2016 08:27:37 AM
....The chairman of Sports Direct has criticised MPs, trades unions and the media for waging a campaign against the business as the retailer reported a 57% drop in first-half profits. The sports retailer, reeling from a year-long scandal over working practices, said underlying profit before tax slumped to £71. ...
MPs draw up penalties for Philip Green if he fails to attend inquiry image
Source : Guardian [Read Article] Sunday 12th of June 2016 04:32:05 PM
....Green’s threat not to attend is the second time this year that a billionaire retailer has challenged the authority of a select committee. Ashley spent months refusing to attend a BIS select committee convened to examine allegations of draconian working conditions at the sports retailer. ...
Sports Direct buys Oxford St store for Flannels and London office image
Source : Guardian [Read Article] Tuesday 12th of April 2016 09:06:11 AM
....Sports Direct is to pay £108m for a refurbished property on Oxford Street to become the first London branch of its upmarket Flannels chain, in a deal done by the boyfriend of founder Mike Ashley’s daughter. The sports retailer has agreed to buy the freehold of Academy House on the corner of Oxford Street and Soho’s Poland Street. ...
Sports Direct raises stake in Findel to nearly 30% image
Source : Guardian [Read Article] Tuesday 29th of March 2016 03:50:03 PM
....Sports Direct has upped its stake in Findel to nearly 30%, in the latest stage of its battle to wrest control of the online specialist. The sports retailer, controlled by Mike Ashley, announced it had acquired contracts for difference – a form of derivative – relating to 12. ...
Investor Forum has mediated in nine City-company disputes image
Source : Guardian [Read Article] Monday 14th of March 2016 12:01:01 AM
....The Investor Forum, born out of the 2012 review by John Kay into long-term investing, said it had been involved in behind-the-scenes talks on issues including succession planning, corporate governance and strategy. Simon Fraser, the chairman of the Investor Forum, would not identify the disagreements or confirm any involvement in the situation at Sports Direct, which has recently fallen out of the FTSE 100 amid revelations by the Guardian about working conditions at the sports retailer. ...
Zero-hour contracts banned in New Zealand image
Source : Guardian [Read Article] Friday 11th of March 2016 04:10:35 AM
....Treen estimates there are “hundreds of thousands of workers” employed on zero-hour contracts in New Zealand, which means employers do not have to guarantee minimum hours of work per week, and often expect employees to be available 24/7. The contracts have also caused controversy in the UK where the country’s biggest sports retailer, Sports Direct, has 15,000 employees on zero-hour deals. ...
Sports Direct investor Crispin Odey ups stake to 5pc on back of share price fall image
....  . The sports retailer surprised investors on Friday by saying it would fail to meet its target of earning £420m before tax and other costs in the year to April, sending its shares down 15pc on the day. ...
Profits double for Wigan owner's gym empire image
Source : Telegraph [Read Article] Saturday 9th of January 2016 07:00:02 PM
.... Mr Whelan is one of the country’s richest men and a former player for Blackburn Rovers. The tycoon, who is a fierce rival of Sports Direct founder Mike Ashley, made £190m in 2007 when he sold out of JJB Sports, a business that he had transformed into Britain’s largest sports retailer. ...
Sports Direct lashes out as Findel rejects planned board member image
Source : Guardian [Read Article] Monday 21st of December 2015 07:24:36 PM
.... The company is under pressure to make acquisitions to meet its growth targets and some analysts believe Findel would provide a fitting target. Shares in Findel soared in September when Sports Direct first revealed its stake on hopes that the sports retailer would make a bid. ...
Andy Clarke determined not to shelve his five-year plan for Asda image
Source : Guardian [Read Article] Friday 18th of December 2015 07:17:31 PM
....After years when the big supermarkets put many small independent retailers out of business, Clarke says he is talking to more independents about taking excess space in Asda stores. He is also doing trials with Decathlon, the sports retailer and gym operator. ...
Sports Direct shouldn't mark its own work – external scrutiny is vital image
Source : Guardian [Read Article] Friday 18th of December 2015 04:02:49 PM
....Mike Ashley is to investigate his own treatment of his employees at Sports Direct’s giant warehouse in Shirebrook, Derbyshire. More precisely, the sports retailer’s board “has agreed that Mike Ashley shall personally oversee a review of all agency worker terms and conditions to ensure the company does not just meet its legal obligations, but also provides a good environment for the entire workforce”. ...
Sports Direct: Labour to demand government investigation image
Source : Guardian [Read Article] Wednesday 16th of December 2015 07:25:08 PM
.... They must take the up the challenge and engage with the Sports Direct board. If they do not, a wholesale change in the behaviour of the largest sports retailer in the UK is very hard to imagine. ...
Sports Direct’s corporate governance needs a radical overhaul | Letters image
Source : Guardian [Read Article] Wednesday 16th of December 2015 07:07:34 PM
.... They must take up the challenge and engage with the Sports Direct board. If they do not, a wholesale change in the behaviour of the largest sports retailer in the UK is very hard to imagine. ...
Returns and refunds: the most generous policies image
Source : Telegraph [Read Article] Monday 14th of December 2015 08:27:31 AM
.... . Decathalon: The sports retailer also allows a year for unsatisfied customers to make returns. ...
Outdoor retailer REI to close its stores on Black Friday image
Source : Guardian [Read Article] Tuesday 27th of October 2015 07:24:16 PM
.... It’s not for a sale or a big blow-out event. The clock is counting down to the time when most of the outdoor sports retailer’s employees can go out and enjoy the day doing things like hiking, running and whatever else they like. ...
Sports Direct chief executive charged with criminal offence over collapse of USC image
.... . Mr Forsey, who has run the sports retailer since 1984, has been accused of failing to give authorities sufficient notice of plans to lay off Scottish warehouse staff, many of whom were given just 15 minutes notice by the administrator, at the time of USC's collapse. ...
Ambulances called to Sports Direct HQ more than 80 times in two years image
Source : Guardian [Read Article] Monday 5th of October 2015 11:52:08 AM
.... Another seven ambulance calls were cancelled, the BBC said. “Life-threatening” conditions made up 36 of the calls for staff at the sports retailer’s offices at Shirebrook, Derbyshire, the request, made by the BBC’s Inside Out team, showed. ...
Dozens of 999 calls from Sports Direct image
Source : BBC [Read Article] Sunday 4th of October 2015 11:01:37 PM
. Ambulances were called out to the headquarters of one of Europe's largest sports retailers 76 times in two years, a BBC investigation found. ...
Mike Ashley pulls out of race for Soho Gyms image
Source : Telegraph [Read Article] Saturday 26th of September 2015 07:00:57 PM
.... . The discount sports retailer, founded by deputy chairman and 55pc owner Mike Ashley, is known to have held talks to buy the nine-strong chain. ...
Source : Independent [Read Article] Thursday 17th of September 2015 12:24:55 AM
. Raise a glass to Britain’s “other” big sports retailer, the one that largely manages to avoid the sort of negative headlines that plague Sports Direct. ...
The West will be very small beer for the giant brewer AB-SAB brewer image
Source : Independent [Read Article] Thursday 17th of September 2015 12:24:18 AM
.... It’s easier to do that than invest in the creative thinking and innovation you need to produce products with the character and flavour to find favour in a variety of markets. Raise a glass to Britain’s “other” big sports retailer, the one that largely manages to avoid the sort of negative headlines that plague Sports Direct. ...
Berkeley lays on the shares with a trowel image
Source : Guardian [Read Article] Sunday 6th of September 2015 08:00:03 AM
....Could this be the end for Keith Hellawell, the chairman of Sports Direct, who has distinguished himself as possibly the most biddable leader of a FTSE 100 board since the City fell in love with all those Kazakh miners?. The obedient former chief constable of West Yorkshire has done little to prevent the law according to Mike Ashley, the sports retailer’s founder and majority shareholder, being followed to the letter within the company – cheerfully admitting as much earlier this year when he told MPs that Ashley ran the business with three or four key executives and had informed the board of some key decisions only at the last moment. ...
IoD index to put spotlight on worst corporate governance image
Source : Guardian [Read Article] Monday 15th of June 2015 11:01:02 PM
.... The IoD has 38,000 members ranging from bosses of multinationals to entrepreneurs running start-ups. According to initial IoD findings, Barclays, HSBC, Standard Chartered, Royal Bank of Scotland and Lloyds Banking Group are ranked in the bottom 16 along with supermarkets Tesco and WM Morrison, services company G4S and sports retailer Sports Direct. ...
Supermarkets: Everything 'up for grabs' image
Source : BBC [Read Article] Tuesday 21st of April 2015 11:02:22 PM
....One such opportunity was detailed in January when Argos announced plans to open ten pilot stores in Sainsbury's. Analysts speculate that Tesco might do a deal with Sports Direct under which the sports retailer would open concessions within Tesco supermarkets. ...
Market Report: Traders already have holidays on their minds image
Source : Independent [Read Article] Friday 27th of March 2015 11:49:01 PM
.... Despite breaking records on Monday, the FTSE 100 now stands around 2 per cent lower than at the start of the week. Claims from MPs that Sports Direct is being run like a “back-street outfit” understandably didn’t do wonders for investor confidence and the budget sports retailer slipped 19. ...
Mike Ashley to cut stake in Sports Direct image
Source : Telegraph [Read Article] Tuesday 20th of January 2015 06:13:07 PM
. Sports Direct founder Mike Ashley is cutting his stake in the sports retailer. ...
JD Sports to smash profit expectations after bumper Christmas image
Source : Telegraph [Read Article] Friday 16th of January 2015 07:45:51 AM
.... . The FTSE 250 sports retailer said like-for-like sales in the crucial festive trading period, which spans the five weeks to January 3, were 12pc higher than a year earlier. ...
Former JJB chief Chris Ronnie jailed for four years image
Source : Telegraph [Read Article] Monday 15th of December 2014 10:25:59 AM
Source : Independent [Read Article] Tuesday 2nd of December 2014 12:37:55 AM
....Sports Direct jumped 10. 5p to 671p as Numis’ Andrew Wade upgraded the discount sports retailer to a ‘‘buy’’ and set a bullish 850p target price. ...
Debenhams in good shape for Christmas despite profits slump image
Source : Guardian [Read Article] Thursday 23rd of October 2014 11:11:51 AM
....The chief executive declined to speculate on the future intentions of Sports Direct, which has control over 11% of Debenhams shares. The sports retailer – which is led by the Newcastle United owner, Mike Ashley – has four concessions in Debenhams and Sharp said its performance would be reviewed over Christmas. ...
Small investors and Mike Ashley rush to buy ‘bargain’ shares in Tesco image
Source : Independent [Read Article] Friday 26th of September 2014 12:16:02 AM
....The Newcastle United  FC owner could have an ulterior motive to bind Sports Direct closer to Tesco. In a statement, the sports retailer said: “The investment reflects Sports Direct’s growing relationship with Tesco and belief in Tesco’s long-term future. ...
Tesco chiefs face grilling by MPs image
Source : Guardian [Read Article] Thursday 25th of September 2014 07:16:43 AM
....On Wednesday, it was revealed that Tesco’s second-biggest shareholder BlackRock has sold part of its stake in the troubled supermarket chain, as repercussions mounted from the retailer’s £250m accounting scandal. But Tesco appeared to receive a vote of confidence from Sports Direct on Thursday, after the sports retailer took out a “put option” on 23m Tesco shares. ...
Mike Ashley's Sports Direct makes £43m bet on Tesco image
Source : Telegraph [Read Article] Thursday 25th of September 2014 06:31:13 AM
Late summer trips leaves Thomas Cook service soaring  image
Source : Daily Express [Read Article] Monday 15th of September 2014 12:43:00 PM
....Investors will also be keen to hear details of any further cost efficiencies. AN unpredictable summer for sports retailers after England's awful World Cup is likely to be highlighted when JD Sports Fashion unveils half-year figures on Wednesday. ...
Sports Direct reports rising sales and profits  image
Source : BBC [Read Article] Wednesday 10th of September 2014 06:49:51 AM
. Sports Direct, the sports retailer, has reported rising sales and profits in its latest trading update. ...
Sports Direct profits up 15% to £240m image
Source : BBC [Read Article] Thursday 17th of July 2014 06:43:23 AM
.... . That deal will will give the sports retailer access to the online group's 12 million members, it said on Monday. ...
Sports Direct to embark on Australian adventure image
Source : Telegraph [Read Article] Saturday 12th of July 2014 10:00:44 PM
.... . The London-listed sports retailer, run by founder Mike Ashley, is to open three flagship stores in Australia and one in New Zealand as part of the venture. ...
Adidas on winning the World Cup battle with Nike image
Source : Telegraph [Read Article] Saturday 28th of June 2014 06:00:12 PM
.... In reality, Sports Direct and adidas need each other. Sports Direct is the biggest sports retailer in the UK and Ashley is an enemy adidas could do without given he has warned in the past that he could build a shareholding in the German company. ...
Great British getaway begins following World Cup exit image
Source : Telegraph [Read Article] Sunday 22nd of June 2014 05:00:26 PM
.... As travel agents prepare for a bumper period, the UK economy is set to take a hit. Fewer barbeques and match-viewing parties will hit supermarkets, pubs, bookmakers and sports retailers across the country. ...
Source : Independent [Read Article] Friday 13th of June 2014 11:00:00 PM
....The two problem divisions are Kitbag and Kleeneze. With the World Cup up and running Kitbag, an online sports retailer, should experience a dramatic increase in demand for football shirts and related items. ...
....5p. Sports Direct was a victim of its own success as Goldman Sachs took the discount sports retailer off its conviction buy list. ...
Sports Direct in talks to buy LA Fitness gyms image
Source : Telegraph [Read Article] Wednesday 14th of May 2014 05:34:50 PM
Source : Independent [Read Article] Wednesday 16th of April 2014 11:00:00 PM
....Sports Direct's stratospheric rise since going public makes it ripe for a fall, but Merrill Lynch doesn't think that will happen any time soon. The broker reckons that online sales and expansion into Europe will help the discount sports retailer to grow at a compound rate of 7 per cent over the next 10 years. ...
Source : Independent [Read Article] Monday 7th of April 2014 11:27:01 PM
....Last night it emerged that Mr Ashley’s Mash Holdings had sold 25 million shares – 4. 2 per cent of the sports retailer he founded – to Goldman Sachs, taking his stake in the business down from 61. ...
Sports Direct shareholders reject Mike Ashley bonus image
Source : BBC [Read Article] Wednesday 2nd of April 2014 05:22:24 PM
....Sports Direct shareholders have rejected a £73m bonus package for the firm's founder, Mike Ashley. The UK's biggest sports retailer cancelled plans for a vote on the deal, after it became clear the proposal did not have enough shareholder support. ...

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