Page last updated at 08:20 GMT, Wednesday, 18 February 2009

Sports Direct sees rise in sales

Sports World carrier bag
Sports World is the firm's main retail brand

Sports Direct has said it is sticking to its full-year profit target, as it reported a 12% rise in sales for the three months including Christmas.

The UK's biggest sports goods retailer said total sales for the 13 weeks to 25 January reached 355m, up from 317m for the same period a year earlier.

The firm, 71%-owned by Newcastle United owner Mike Ashley, said it expected to make an annual profit of 135m.

This would be down from 150m for the previous 12 months to the end of April.

The company owns the Sports World chain of stores, as well as brands including Slazenger, Lonsdale and Dunlop.

Sports Direct did not release any like-for-like sales data for the quarter, which strips out the impact of store openings and closures.

The company said that during the three-month period its UK division opened 11 new stores and shut 17, while its international division opened one new store and also closed one store.

Print Sponsor

Sports Direct sees profits halve
10 Jul 08 |  Business
Store closing signs 'misleading'
20 May 08 |  Business
Sports Direct in Umbro share sale
21 Dec 07 |  Business
Wet weather hurts Sports Direct
19 Dec 07 |  Business
England failure 'may hit economy'
22 Nov 07 |  Business
Sports Direct builds Umbro stake
30 Oct 07 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific