Olympic boost helps Sports Direct beat the slump
Nearly every other shop in Britain might be struggling to pay its way, but Sports Direct is flogging enough £1.49 tracksuit bottoms and 29p Wayne Rooney masks to send sales up 18 per cent to £403m in the nine weeks to October.
The chain, which runs almost 500 shops, thanked the Olympics for some of the boost. Sports Direct started piling up cut-price Team GB hoodies long before Mo Farah, pictured, won his second gold medal, and said that helped gross profits in the period to rise by 21.7 per cent to £167.4m.
Sports Direct also owns brands including Slazenger, Lonsdale and Dunlop, and has snapped up faltering rivals. Earlier this month the chain bought 20 stores and nearly all of the stock of rival JJB Sports after it fell into administration.
Yesterday, Sports Direct said it was confident of hitting its full-year earnings target of £270m.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
- 3 Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
- 4 Homer Simpson has taken the ALS ice bucket challenge because of course he has
- 5 Do you realise just how foolish the UK looks?
Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
Gun instructor accidentally shot dead by nine-year-old girl with Uzi gun
Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
The 13 obscure UK laws you didn’t know you were breaking
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Jeremy Clarkson is a cultural tumour and needs to be removed, says comedian Frankie Boyle
Do you realise just how foolish the UK looks?
- < Previous
- Next >
iJobs Money & Business
Negotiable: Harrington Starr: A fast growing Financial Services organisation b...
£50000 - £60000 per annum + excellent benefits: Harrington Starr: An award-win...
Negotiable: Harrington Starr: DevOps Engineer - (Linux, Shell, Bash)DevOps Eng...
£500 - £700 per day: Harrington Starr: Calypso Developer Calypso, J2SE, XML, ...