Sports Direct had mixed news on Monday with acquisitions boosting sales but plenty of negative numbers when bought-in business are factored out. But HoF is showing 'green shoots' and Flannels is improving.
Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.
Sports Direct's latest acquisition is a retail park in Hertfordshire that it bought for a third of the price paid by its previous owners. The company said it's planning to transform it into an aspirational destination.
Sports Direct said an antitrust investigation into rival JD Sports Fashion's takeover of Footasylum could have implications for the sector's major players, particularly their relationships with "must-have" brands.
British retailer Sports Direct has barred media from attending its annual general meeting (AGM) on Wednesday where majority owner Mike Ashley faces shareholder opposition to his re-election as a director.
Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.