Sports Direct profits dive by nearly 60%

Thread: Sports Direct profits dive by nearly 60%

  1. Raptor's Avatar

    Raptor said:

    BBC News Sports Direct profits dive by nearly 60%


    Profits at retailer Sports Direct have plummeted nearly 60% largely as a result of the weaker pound.
    Underlying pre-tax profit fell to £113.7m, down from £275.2m last year, because of "currency movements and increased depreciation charges".
    Chief executive Mike Ashley said it had now taken steps to "minimise the short-term impact of currency volatility".
    Sports Direct's reputation has been badly hit by revelations about staff conditions at its Derbyshire warehouse.
    Chairman Keith Hellawell said the company had made "positive progress" across the business as it continued to "strive to ensure that all of our people are treated with dignity and respect".
    A recent survey of workers in Shirebrook, to which 3,300 people responded, had showed that an "overwhelming majority" of people in the warehouse "currently feel they are treated with respect", he added.
    Staff had elected the company's first UK workers' representative and Mr Hellawell said he had "no doubt" their "contribution will prove invaluable to the board as the Sports Direct family continues to move forward together".
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  2. Nikki's Avatar

    Nikki said:

    Default Re: Sports Direct profits dive by nearly 60%

    That some drop in £££
    I read the articles on him on BBC site today ref his comments on he always loses his fine and got circa 50 at his office lol


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  3. maltloaf's Avatar

    maltloaf said:

    Default Re: Sports Direct profits dive by nearly 60%

    Poor Mike. Boo hoo. Never mind eh...
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  4. Fear345's Avatar

    Fear345 said:

    Default Re: Sports Direct profits dive by nearly 60%

    More like people have cottoned in that he sells fucking TAT.
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  5. maltloaf's Avatar

    maltloaf said:

    Default Re: Sports Direct profits dive by nearly 60%

    It is awful gear fair play. He got away with recycling old dead brands for a while but seems to have been found out now.
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  6. Nikki's Avatar

    Nikki said:

    Default Re: Sports Direct profits dive by nearly 60%

    Quote Originally Posted by maltloaf View Post
    It is awful gear fair play. He got away with recycling old dead brands for a while but seems to have been found out now.
    Yes agree and the working conditions has put him in the lime light on a number of occasions


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  7. Rhinoz's Avatar

    Rhinoz said:

    Default Re: Sports Direct profits dive by nearly 60%

    Quote Originally Posted by Fear345 View Post
    More like people have cottoned in that he sells fucking TAT.
    Quote Originally Posted by maltloaf View Post
    It is awful gear fair play. He got away with recycling old dead brands for a while but seems to have been found out now.

    Exact reason why I wouldn't purchase anything in there, they use the same technique as TK Maxx, buy old brands, place a premium price on it and then say it's discounted at 50% when in fact it's worth more like 10% of the price.
     
  8. plug1's Avatar

    plug1 said:

    Default Re: Sports Direct profits dive by nearly 60%

    Different from TK max , SD buy up failed brands and put clothes back into production . if you look it up tells you what brand names he owns.
    anyhoo good , hes a cunt
     
  9. Rhinoz's Avatar

    Rhinoz said:

    Default Re: Sports Direct profits dive by nearly 60%

    Quote Originally Posted by plug1 View Post
    Different from TK max , SD buy up failed brands and put clothes back into production . if you look it up tells you what brand names he owns.
    anyhoo good , hes a cunt

    For years I thought TK Maxx did that as well with the older lesser known brands they sell but just checked after you're post and as you said they don't, fook know's where I got that idea from lol.