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Sport and Leisure

Standard Life sets its sights on Sports Direct

Thursday 02 February 2017 - Posted by Ben Stevens

Prime Minister Theresa May’s new crackdown on poor corporate governance and executive pay has prompted one of the City’s most renowned institutions to turn on Sports Direct. Standard Life Investments stated in its yearly stewardship report that it was willing to rebel against ...


Nike boss slams Donald Trump's "Muslim ban" policy

Monday 30 January 2017 - Posted by Elias Jahshan

The boss of sportswear brand and retail giant Nike has slammed US President Donald Trump’s executive order that bans people from seven Muslim-majority countries from entering the US. In an email to sent to employees, which is going viral on social media (scroll down for the fu...


JD Sports in hot water after 140 warehouse staff sent to hospital over 4 years

Monday 30 January 2017 - Posted by Elias Jahshan

At least 140 staff at JD Sports’ Rochdale warehouse have been sent to hospital in the last four years, according to a Guardian investigation. According to documents the newspaper obtained under freedom of information, ambulances visited the warehouse 166 times in the last four...


Halfords bounces back after robust festive season

Thursday 19 January 2017 - Posted by Elias Jahshan

Halfords has recorded robust growth in sales in its third quarter period, with a 5.9 per cent spike in like-for-like sales and an 11.4 per cent surge in total sales. In the 15 weeks to January 13, which includes the crucial festive trading period, retail like-for-like sales we...


Mike Ashley takes swipe at rebel Sports Direct shareholders

Monday 09 January 2017 - Posted by Elias Jahshan

Mike Ashley has criticised Sports Direct shareholders who did not vote in support of re-electing chairman Keith Hellawell last week. However, the controversial retail mogul praised Odey Asset Management founder Crispin Odey for his support, saying his decision to back the reta...


Mountain Warehouse enjoys record Christmas trading period

Friday 06 January 2017 - Posted by Elias Jahshan

Outdoor retailer Mountain Warehouse has recorded an increase in sales and revenue for the Christmas trading period, boosted by international transactions. The outdoor retailer’s like-for-like sales increased 13.6 per cent in the six-weeks to January 1, with international sales...


Sports Direct chairman Keith Hellawell successfully reappointed

Thursday 05 January 2017 - Posted by Elias Jahshan

Despite the majority of Sports Direct shareholders voting against the reappointment of chairman Keith Hellawell today, the support he has by majority owner Mike Ashley means he will remain in place. Independent Sports Direct shareholders today vented their anger at Hellawell, ...


JD Sports announces investigation following damning expose

Thursday 15 December 2016 - Posted by Ben Stevens

JD Sports has announced it will launch an investigation into working conditions following a damning Channel 4 News expose. The story, which aired last night, reported on conditions at a Rochdale warehouse which employees stated were “worse than prison”. Responding to the alleg...


Sports Direct to hold second vote on future of its chairman

Monday 12 December 2016 - Posted by Ben Stevens

Sports Direct chairman Keith Hellawell’s fate at the company will be decided in January, with the retailer calling for a special meeting. The embattled sportswear retailer has confirmed that a vote will be held on his position in the new year, following new financial regulator...


Lululemon's quarterly growth beats forecasts

Thursday 08 December 2016 - Posted by Elias Jahshan

Yoga and leisure apparel retailer Lululemon Athletica has recorded a quarterly profit that was boosted by higher-than-predicted gross margins and sales. In its third quarter period ending October 30, the gross margin of the Canadian brand – which trades online and has seven st...