Trade Asia Homepage
Trade Events Center
Trade Events Center promotes your trade shows to worldwide
 
 
Show Name, Acronym or Partial Name   Product Keywords
Industry Country Year Month
 
 
Sports Direct reports Christmas profits up 14.6%
2014/2/19
Sports Direct, the retailer run by Newcastle United owner Mike Ashley, has seen profits surge thanks to higher sales over Christmas.

The retailer, which has about 400 stores across the UK, reported a quarterly profit of ￡280.7m, an increase of 14.6%.

Sports Direct's share went up by more than 5% following the results.

Group sales for the 13 weeks to 26 January were buoyed by Sports Retail, increasing 11.2% to ￡655.4m.

The group's sales for fashion brands such as Republic, USC and Flannels were up 52.5% to ￡71.2m.

Sports Direct expects to reach its full-year underlying earnings target of ￡310m for 2013-14, before bonus share scheme deductions.

"Despite tougher comparisons during the period, Sports Retail continues to perform well," said chief executive Dave Forsey.

Investors welcomed the solid Sports Direct performance. The company's shares rose by 5.3% on the release of the results on Wednesday.


News Source : BBC News

Contacts

Company : BBC News

Country : United Kingdom

 
Trade Event Updates SEE ALL
 
Industrial News SEE ALL
 
Member ID
Password
Register to submit trade events
Sponsor banner ad,
Newsletter e-blasting,
& other advertisements.
Contact for details
Trade Event Reports
The National Hardware Show 2010
TaiSPO 2010
Giftionery Taipei 2010
 
 
 
 
 
Bookmark and Share
 
 
Featured Products


Home - 中文版

About TradeAsia  |   TradeAsia Taiwan  |   TradeAsia China  |   Terms of Service  |   Privacy Policy  |   Advertise  |   Media Exchange  |   Link Exchange  |   Help Center  |   Contact Us
Copyright (c) 2024 TradeAsia. All Rights Reserved.