All Sports, leisure & outdoors articles – Page 91
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OpinionJJB Sports has an uphill battle on its hands
As expected JJB Sports figures this morning did not make pretty reading and although steps have been made to start turning the business around it is going to be a long uphill marathon rather than a quick sprint to recovery.
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News
Foot Locker Q1 sales up 5.3%
Foot Locker’s first-quarter sales increased 5.3% to $1.28bn (£900m) compared with the same period last year.Like-for-like sales increased 4.8%. Total sales for the first quarter increased 3%, excluding the effect of foreign currency fluctuations. Net income was $54m (£36m), compared with $31m (£20m) last year.
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NewsPentland builds stake in Blacks to block another Mike Ashley bid
Updated: Blacks Leisure confirmed today that Pentland Group has snapped up a 5.86% stake in the outdoor specialist.
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NewsSports Direct stake in Blacks diluted after fundraising approved
Mike Ashley’s Sports Direct has had its stake in Blacks Leisure diluted after the outdoor retailer’s £20m fundraising was approved this afternoon.
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NewsJD Sports adds to brand stable with Sonneti acquisition
JD Sports Fashion has bought preppy menswear brand Sonneti from the WDT stable of brands.
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NewsOFT to probe Sports Direct stake in Blacks
The Office of Fair Trading is investigating Sports Direct’s stake in Blacks Leisure which it won ownership of in a High Court claim last week.
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NewsBlacks moves forward with fundraising after a difficult year
Blacks Leisure is pressing ahead with a £20m fundraising as sales start to improve for the outdoor retailer after a year of major restructuring across the business.
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NewsSports Direct confident after strong year
Sports Direct said it was on track to achieve full year underlying EBITDA of at least £160m as sales in the 9 weeks to March 28 grew 2.9% to £214m.
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NewsJD Sports profit rockets 61%
JD Sports Fashion pre-tax profit surged 61% to £61.4m in the year to January 30.
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News
Migros net sales down 3%
Swiss market leader Migros reported group net sales declined 3% to CHF24.95bn (£14.7bn) for 2009.The group blamed lower prices of Migros’ products, a dramatic drop in crude oil prices and a decline in business travel for the drop. However, net profit soared 20.8% to CHF846m (£500m). And the group’s other ...
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NewsSports Direct makes offer for Faith
Mike Ashley’s Sports Direct is among five bidders to have made offers for footwear specialist Faith, it is understood.
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NewsSports Direct launches TV ads to cement sector leadership
Sportswear retailer makes TV ad debut to bolster its position and drive global profit ambitions.
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NewsSports Direct pulls out of Blacks bid over supplier concerns
Sports Direct has said it will not bid for Blacks Leisure over uncertainties surrounding suppliers reactions if its bid was successful.
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NewsSports Direct considers upping offer on Blacks
Blacks Leisure has confirmed it received a letter from Sports Direct last week indicating that it would consider upping its offer for the outdoor chain.
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NewsSweaty betty flexes its muscles
Sweaty betty flexes its muscles Women’s sportswear retailer Sweaty Betty entertained shoppers on London’s King’s Road last week with live window displays.
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NewsJJB director of retail and product retires
JJB Sports has today announced the retirement of its director of retail and product Colin Tranter after less than a year at the company.
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NewsSports Direct given ‘put up or shut up’ deadline on Blacks
Sports Direct has been given a “put up or shut up” deadline by the Takeover Panel over its interest in Blacks Leisure.
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NewsBlacks suppliers threaten boycott if Sports Direct takes control
Suppliers to Blacks Leisure have threatened to boycott the outdoor chain if Mike Ashley’s Sports Direct successfully bids for the business.
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NewsSports Direct mulls bid for Blacks
Sports Direct is considering making a bid for Blacks Leisure after blocking its proposed fundraising plans.
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OpinionHard-to-read Mike Ashley rules the roost in sports retail
It has been months since the last scandal to hit sports retailers – perhaps Sports Direct’s Mike Ashley has been on an extended Christmas holiday?