Sportsdirect news and archive

Timeline: BHS enters administration

Confirmed: BHS has officially entered into administration after last-minute negotiations to rescue the high street department store group failed to come through. The department store group, which at the time counts 11,000 employees and 164 UK stores, collapse is said to be the biggest high street insolvency since the bankruptcy of Woolworths in...

Fashion

Over half of UK consumers purchased activewear in 2015

2015 is rapidly becoming the year of sportswear and athleisure wear as new data indicates that over half of the UK population purchased activewear in 2015. According to data from Verdict Retail, 53.7 percent of UK consumers bought sporting wear over the last 12 months. However surprisingly, this trend was not driven by millennials - rather...

Fashion

Sports Direct in share fall

Merrill Lynch has come under fire from City investors over the growing crisis at Sports Direct, the retail empire controlled by billionaire Mike Ashley. The US investment bank advised Sports Direct when it floated on the stock market in February, but the shares have lost one third of their value after a thinly veiled profits warning last month....

Fashion

Sports Direct to expand with flotation

Mike Ashley may more than double the size of his Sports Direct retail empire in Britain by 2011, and to open sizeable chains in Asia and Europe or the US, if he pushes ahead with a £2bn flotation. A decision on whether to float the business, in which Ashley would retain a 50 per cent stake, is due to be taken this week and follows a series of...