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UK sportswear group Frasers expands German presence with SportScheck deal

UK sportswear group Frasers expands German presence with SportScheck deal

LONDON, Oct 17 (Reuters) – British sports and fashion group Frasers (FRAS.L) is expanding its presence in Germany, the home of sportswear giant Adidas (ADSGn.DE), through the purchase of the SportScheck chain, it said on Tuesday. Frasers, formerly called Sports Direct and controlled by founder Mike Ashley, is pursuing a so-called “elevation strategy” with acquisitions,...

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UK’s Frasers Group sees more profit growth this year

UK’s Frasers Group sees more profit growth this year

Sees FY profit between 500-550 mln stg Last FY profit 478.1 mln stg Shares up 0.9% LONDON, July 27 (Reuters) – British retailer Frasers Group (FRAS.L) expects profit to rise between 5% and 15% this year as its biggest brand Sports Direct benefits from a partnership with Nike (NKE.N) and shoppers keep spending despite economic...

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JD Sports says still on track despite North American slowdown

JD Sports says still on track despite North American slowdown

Warns on N.America trading UK, Europe, Asia still strong No change to annual profit guidance Shares down 4.5% LONDON, June 27 (Reuters) – JD Sports Fashion (JD.L) said there had been some softening in trade in its North American business in June, which would be offset by growth in demand for its trendy trainers and...