WH Smith is the UK’s worst high street store, say shoppers May 29, 2019 WH Smith is the worst of all UK high street stores, according to a survey of British shoppers published today. Read more: Ranked: The top 15 retailers to work for The stationery provider got the worst rating of 100 retailers, with just 50 per cent of customers expressing satisfaction based on factors such as quality of [...]
Sports Direct HQ sold to Malaysian pension fund for £120m May 28, 2019 Mike Ashley’s Sports Direct has confirmed the freehold sale of its headquarters to a Malaysian pension fund. The sportswear retailer, which will continue to occupy the building on a 15-year lease, said this morning that it has sold its logistics centre to Kwasa Logix Sportivo for more than £120m in cash. Read more: Debenhams versus [...]
Football’s most lucrative match stagnates in value amid Premier League rights growth slowdown May 22, 2019 The Championship play-off final, which takes place on Monday at Wembley and pits Aston Villa against Derby County for the last remaining spot in next season’s Premier League, is well established as the most lucrative one-off match in the world of club football. Worth an estimated minimum of £170m to the victors – 10 times [...]
“We’re not just competing against other sports”: The Hundred’s managing director explains why English cricket needs a new format May 21, 2019 The staggered launch of the England and Wales Cricket Board’s great new hope hasn’t gone exactly to plan. Although it was always unlikely to begin in textbook fashion, The Hundred has so far experienced the full repertoire of problems on the runway, leaving the majority of its passengers apprehensive ahead of take-off. After all, the [...]
Profit falls steeply at Halfords in face of ‘fragile’ consumer confidence May 21, 2019 Halfords said profit before tax fell 24 per cent in 2019 to £51m. The figures The company said revenue remained broadly flat on £1.138bn, but profit fell sharply. It said underlying profit before tax fell 17.9 per cent to £58.8m, with underlying basic earnings per share down 17.2 per cent on 24.5p. Read more: Halfords share [...]
Sports Direct mulls legal challenge over Debenhams rescue plan May 19, 2019 Mike Ashley’s Sports Direct is looking to launch legal action against Debenhams over a controversial rescue deal secured earlier this month. The sportswear group is set to challenge two company voluntary arrangements (CVA) that could lead to the closure of 50 the chain’s 166 stores, with rent cuts expected on dozens more. Read more: Local [...]
Susie Wolff interview: Venturi team boss on life in Formula E, increasing women’s participation in motorsport and competing against husband Toto next season May 15, 2019 Five years ago, Susie Wolff made history by becoming just the sixth woman to be involved in a Formula One grand prix weekend, and the first since 1992. Today, the Scot is continuing to help break down gender barriers in motorsport, although now she is doing so as a team principal, in charge of Venturi, [...]
Embattled Goals Soccer Centres loses second CEO in two years May 13, 2019 Five-a-side football operator Goals Soccer Centres has confirmed that chief executive Andy Anson is stepping down after just a year in the job. Read more: Accounting errors cause Goals Soccer Centres to suspend trading Anson will take the role of chief executive at the British Olympic Association (BOA), where he has been a board member [...]
Sir Philip Green loses his billionaire status May 12, 2019 Sir Philip Green has lost his billionaire status, rounding off a torrid 12 months for the scandal-hit fashion mogul. For the first time since 2002, Green can no longer count himself a member of the billionaires club after seeing his personal fortune halve over the course of the last year. The Topshop tycoon and his [...]
High Street fashion chain Select enters administration May 10, 2019 Fashion retailer Select has fallen into administration, placing around 1,800 jobs at risk. The company, which has 169 stores throughout the UK, has been struggling with debt and was reportedly lining up administration last month. Read more: Debenhams gets green light for CVA It will continue to trade online and in stores for the time [...]