Sports Direct holds onto sales the year after World Cup

Sports Direct, owned by Newcastle boss Mike Ashley
Sports Direct, owned by Newcastle boss Mike Ashley

NEWCASTLE United owner Mike Ashley's retailer Sports Direct has said its sales held well this summer despite seeing a huge boost from the World Cup last year.

The company posted sales of £368m in its retail division in the 13 weeks to July 25, up 0.8% on a year earlier despite sales of World Cup replica shirts sending revenues up by 40% last year.

But Sports Direct opened nine stores in the period - offset by two closures and two shop relocations. Its retail profits dipped 6.6% to £156m in the 13 week period.

Across the group, which has 350 UK stores and owns sporting brands including Dunlop, Karrimor and Slazenger, sales were 0.5% higher at £410m. Profits fell 5.7% to £174m.

Chief executive Dave Forsey said the summer’s trading kept the company on course to meet its full-year target for underlying earnings of £215m. This factors in the £2m paid to Dunlop-sponsored golfer Darren Clarke as a success fee for winning the Open Championships in July.

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