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Sport and Leisure
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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...

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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...

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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, ...

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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...

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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...

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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...

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Mike Ashley is being sued for £14m by ex-employee

Tuesday 06 December 2016 - Posted by Ben Stevens

Sports Direct founder Mike Ashley is being sued by his ex-strategic development director Jeff Blue over allegations he breached an agreement over pay, according to The Guardian. Blue used to work for Merill Lynch, a top US investment bank that served as a key advisor to Sports...

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JD Sports’ 2nd Oxford Street store to open before Xmas

Tuesday 22 November 2016 - Posted by Elias Jahshan

JD Sports has confirmed its second store along London’s Oxford Street will open on December 10, just in time for Christmas. The 16,000sq ft store will open at the West One shopping centre, which is located above the Bond Street tube station. The news comes after the retailer f...

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ASSOS of Switzerland cycles into London for international store debut

Wednesday 09 November 2016 - Posted by Elias Jahshan

Iconic cycling brand ASSOS of Switzerland is making its international debut in London’s Regent St precinct, with a brand new concept store opening on November 18. Marking the brand’s 40th anniversary, ASSOS has been at the forefront of cycling and cycling apparel innovation – ...

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6 MPs make unannounced visit to Sports Direct's Shirebrook warehouse

Monday 07 November 2016 - Posted by Elias Jahshan

The six MPs who were behind the parliamentary report criticising the working practises of Sports Direct have reportedly made an unannounced visit to the retailer’s Shirebrook warehouse. According to The Guardian, Business Select Committee chairman Iain Wright provided the comp...