sports world news and archive

New Retail Park development gets planning

The proposed £50m Cromwell Retail Park development in Cambridgeshire has received the go ahead from the local council for planning permission. It’s a huge development with more than one site and nods to the surge in figures out of town retail centres are currently seeing. And the new 25,000sq ft scheme will boost employment with 500 new jobs...

Fashion

Sports World director in flotation debate

Sports World billionaire owned Mike Ashley is expected to not take up the position of CEO if the company goes ahead with a stock market listing. Instead, Mr Ashley will remain director, possibly being appointed deputy executive chairman of the retail chain. It is understood that Mr Ashley may sell a substantial number of shares if he decides to...

Fashion

Sports World International up for flotation

According to the Telegraph, Sports World International has been valued at up to £2.5bn ahead of a possible flotation on the London stock market. Owner Mike Ashley is to decide early next year whether to press ahead with an initial public offering of the company, which includes the Sports World and Lillywhites retail operations, as well as a raft...

Fashion

Sporting goods giants up the ante

The decision by Nike and Adidas to hold back certain ranges from discount retailers is putting pressure on those retailers to improve their presentation. The sporting goods giants fear that poor presentation of their brands in discount stores is diminishing the value of their brand. Discount sporting goods retailers like Sports World will suffer...

Fashion

Sports World acquires Gilesports

British retailer Sports World has acquired sports retailer Gilesports. Andy Giles, buying and merchandising director for Gilesports said: "Today's sport retail market is a very tough competitive environment and to compete effectively we wanted to become part of a very large group and we are delighted to be joining such a fantastic dynamic brand...