Sports Direct owner confident on high street revival but plans remain sketchy

The company also plans to invest “in excess” of £100m on upgrading its digital platforms and pushing its designer label business Flannels.

Mike Ashley’s Frasers Group has published its delayed results – the second time in two years sales figures have failed to arrive on time – and painted a bullish picture for the future of the high street at a time when others are fleeing.

Frasers, which includes House of Fraser, Sports Direct and Evans, among others, said the emptying of the high street and shopping centres could prove lucrative for the firm, with more space available to expand.