Frasers Group – formerly Sports Direct International – says it is delaying the presentation of its annual results, as it did last year, because it needs more time to complete the accounts and their audit. The report is now due to be released on Aug. 20 instead of Aug. 13. Meanwhile, Drapers has reported that the group is fusing “the traditional buying, merchandising and design terminologies” into a new, group-wide “commercial division,” according to a letter circulated inside the company. This division will in turn be split into six parts: commercial management, commercial planning, commercial trading, commercial analytics, commercial appraisal and commercial design. By Drapers’ count, about 166 posts will be redefined and about 20 eliminated altogether. According to the letter Drapers saw, Frasers will try to “mitigate the consequences of any redundancies, including looking at other alternative roles across the Frasers Group.”