Thursday, November 23, 2017
zero-hours pledges

Sports Direct accused of failing to meet zero-hours pledges

Sports Direct has failed to make good on zero-hours pledges it made last year to ensure casual workers were offered guaranteed hours instead of zero-hours contracts.

“Staycations” boost Halfords’ first quarter sales

The outgoing chief executive of Halfords has said the growing popularity of "staycations" in the UK have helped the cycling retailer record an increase in first-quarter sales.
Icelandic store Keith Hellawell

Sports Direct chairman faces heat of shareholders who oppose his re-election

Pressure Sports Direct chairman Keith Hellawell has intensified after shareholders voiced their opposition to his re-election ahead of a vote next week.

Mike Ashley will not attend Sports Direct’s AGM and cancels open day

Sports Direct boss Mike Ashley has said he will not be present at its annual general meeting (AGM) next month and has cancelled a planned open day for journalists and investors.
Icelandic store Keith Hellawell

Mike Ashley returns to court over Icelandic store

Sports Direct has returned to court to challenge a disgraced Icelandic businessman over the ownership of its Icelandic store.
Foot Locker

Foot Locker shares plunge 15% after dismal Q2 results

Foot Locker shares dived 15 per cent in pre-market trading today, after the retailer company missed profit and sales estimates for the second quarter.

Athleisure craze set to peak at £2.5bn in 2017

The athleisure trend sweeping the UK is predicted to drive the sports clothing market‘s value to £2.5 billion in 2017.
Kevin Plank

Under Armour boss quits Trump’s council amid Charlottesville controversy

The chief executive of sportswear retailer Under Armour Kevin Plank has become the latest high-profile name to resign from President Trump‘s council.

Cycling retailer Rapha bought for £200m

British cycling retailer Rapha has been sold to the grandchildren of the Walmart founder Sam Walton for £200 million.
Sports Direct investors

Sports Direct loses investors amid corporate governance concerns

Two of Sports Direct's biggest independent investors have offloaded their entire or part of their stake in the business amid concerns over corporate governance issues.

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