THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Sports Direct upbeat on outlook

Sports Direct has reported that trading in its new generation flagship stores has continued to exceed expectations as the company looks to become the ‘Selfridges’ of… View Article

SPORTS & LEISURE

Sports Direct upbeat on outlook

Sports Direct has reported that trading in its new generation flagship stores has continued to exceed expectations as the company looks to become the ‘Selfridges’ of sport.

In a statement ahead of its AGM, Sports Direct said it is continuing to elevate its store portfolio by typically relocating smaller format shops to new generation stores.

Sports Direct chief executive Mike Ashley said: “We remain fully focused on our strategic goal of moving our core business towards the ‘Selfridges’ of sport in order to further strengthen our proposition and drive long-term profitability.

“We will continue to build on the positive progress that we have made over the last 12 months, which we outlined during a very constructive meeting with stakeholders in July.”

The company said it remains optimistic about its outlook. In July, the company said it was aiming for underlying EBITDA growth of around 5% to 15% during the 2018 financial year.

Sports Direct also revealed that it now owns 100% of designer fashion chain Flannels and said the acquisition will significantly enhance earnings in its premium lifestyle division in the medium to long-term. 
 

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference