‘Tough market conditions’ hit half-year retail sales at Frasers Group
Owner of Sports Direct chain says consumer confidence ‘very subdued’ with sales at sports division down 5.8%The owner of Sports Direct and Flannels has said sales have fallen at its UK retail businesses amid heavy discounting by rivals and “very subdued” consumer confidence.Frasers, which...
<p>Owner of Sports Direct chain says consumer confidence ‘very subdued’ with sales at sports division down 5.8%</p><p>The owner of Sports Direct and Flannels has said sales have fallen at its UK retail businesses amid heavy discounting by rivals and “very subdued” consumer confidence.</p><p>Frasers, which is controlled by former Newcastle United owner Mike Ashley, said sales at its UK sports division were down 5.8% in the six months to 26 October to £1.3bn despite growth at the main Sports Direct chain because of “planned decline” at its Game outlets and the Studio Retail online arm.</p> <a href="https://www.theguardian.com/business/2025/dec/04/tough-market-conditions-hit-half-year-retail-sales-frasers-group-sports-direct">Continue reading...</a>
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