Category: SGB Executive

Sports Direct’s Profits Dragged Down By Weak Pound

On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.

Dick’s Shutters Chelsea Collective

Dick’s said in a statement provided to SGB Exec: “We opened Chelsea Collective stores as a lab to more thoroughly understand the women’s specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment. We have learned a great deal from Chelsea Collective and the valuable insights will be transferred to Dick’s Sporting Goods to better serve our female customers.”

TomTom Reviewing Options For Sports Segment

Citing disappointing sales, TomTom took an impairment charge to cover the entire goodwill of its Consumer segment of €169 million and said it is reviewing options, including a sale of its Sports business.

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