Sportsdirect news and archive

Timeline: BHS enters administration

Confirmed: BHS has officially entered into administration after last-minute negotiations to rescue the high street department store group failed to come through. The department store group, which at the time counts 11,000 employees and 164 UK stores, collapse is said to be the biggest high street insolvency since the bankruptcy of Woolworths in...

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Sports Direct H1 revenues up 2 percent

In the 26 weeks ended October 25,2015, Sports Direct revenues were up 2 percent on a currency neutral basis to 1,433.7 million pounds (2,176 million dollars). Gross margin for the group increased 90 basis points to 44.9 percent as a result of the continued broadening of the product range and ongoing investment in group brands. "The Group has...