Sports direct reveals profits slide

Entrepreneur and Newcastle United owner Mike Ashley today described trading conditions at his Sports World empire as the worst in its 25-year history.

Sports direct reveals profits slide
Thu, 10 Jul, 2008 - 10:34

Entrepreneur and Newcastle United owner Mike Ashley today described trading conditions at his Sports World empire as the worst in its 25-year history.

England’s failure to qualify for Euro 2008, last summer’s wet weather and plummeting consumer confidence were behind a 51% drop in annual profits, Sports Direct International said.

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