USC news and archive

Sports Direct upsizes store at Glasgow’s Braehead Centre

Sports Direct, the discount sportswear retailer part of the Frasers Group, has relocated and upsized its retail presence at Glasgow’s Braehead Centre. The new store is located on the upper level and now spans 20,000 square feet, doubling its retail space to house sportswear for men, women, and kids. Sports Direct has also added a dedicated area...

Retail

Cascades Shopping Centre adds new stores

RPMI Railpen has confirmed that Sports Direct, Flannels and USC have all sign up to Cascades Shopping Centre in Portsmouth, coinciding with investment in an interior refurbishment of the development. Each of the three new additions are taking over 50,000 square foot of combined trading space, with each of the new stores expected to open in...

Retail

Sports Direct, USC and Flannels concept store set to open in Southport

Southport is set to welcome a new concept store which brings together retail and fitness under one roof this weekend as Sports Direct, together with its fashion concepts USC and Flannels, it set to open. The new 62,450 square foot location, located on Taketh street, will also features a Everest Fitness Cub gym, with membership starting as low as...

RetailFeatured

Mike Ashley adds new discount chain MegaValue to Sports Direct Group

Billionaire Mike Ashley is on the prowl again on the UK high street and has quietly launched a new discount store named 'MegaValue' in a bid to snare a larger slice of the growing discounting market. The new value store concept opened in Kidderminster, Worcestershire at the site of a former department store this weekend, reported the The Mail on...

Business

Mike Ashley against the ropes on USC’s business

Fashion and sports mogul Mike Ashley might find himself against the ropes as several Scottish MPs are pressing to launch a fully parliamentary investigation over the administration of clothing retailer USC. The Scottish Affairs Committee is launching an enquiry into the fast fashion chain, with MPs last week branding the redundancies of more...

Business

Mike Ashley jettison controlling stake in Sports Direct as ‘gift’

Billionaire Mike Ashley raised many eyebrows on Wednesday when Sports Direct announced its founder had offloaded a majority stake in the retailer to a new entity named Mash Holdings Limited. In a statement, Sports Directs claims that Mash Holdings Limited, Ashley’s investment vehicle, has offloaded a 50.71 percent stake in the retailer, which is...

Business

USC bought out of administration by Sports Direct fashion arm Republic

A week after company directors at Sports Direct filed a notice of intention to put USC into administration, news has emerged the fashion retailer has been bought by another fashion fascia from Sports Direct, Republic. The notice of intention is said to have put hundred of employees who work at USC stores at risk and was believed to have been...

Fashion

USC predicts £7m upward trend

USC, the fast-growing Scottish fashion retailer, is projecting turnover for the current year of £100m and profit of up to £7m. Angus Morrison, the company's co-founder, said USC's core customers - 15- to 24-year-olds - are expected to grow in numbers by about 6% up until 2006. "There is huge potential for growth," said Morrison. "Around 61m...