All Flannels articles
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ArticleFrasers confident in strategy despite short-term challenges for premium lifestyle biz
UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...
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ArticleFrasers scores double-digit FY23 revenue gains in all segments
U.K. retailer Frasers Group, bolstered by acquisitions and a strong performance from its core Sports Direct business, generated a 61 percent increase in annual operating profit to £531.8 million (€613.2m) for the 53 weeks ended April 30. Adjusted profit before tax rose by 41 percent to £478.1 million. FY gross ...
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News briefsBritish MPs write to Frasers Group against use of facial recognition cameras
A cross-party collection of nearly 50 Members of Parliament and peers have written to Frasers Group, the owner of Sports Direct, condemning the use of “live facial recognition” cameras in the group’s stores, The Guardian has reported. The parliamentarians have described the technology as “invasive and discriminatory,” urging the group ...
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News briefsSports Direct criticized for camera surveillance in stores
As the Daily Mail reports, Sports Direct has recently begun using facial recognition cameras that scan customers’ faces and check them against a database of suspected criminals. Frasers Group, which owns Sports Direct and is controlled by billionaire Mike Ashley, found itself compelled to do so after police stopped arresting ...
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ArticleFrasers Group recovers from Covid and posts rising profits
Frasers Group, the owner of Sports Direct, reported a “record-breaking year” following the successful recovery from the pandemic.
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News briefs
Frasers to open multi-brand store
Frasers Group is reportedly setting up a multi-brand store at Fosse Park in the British city of Leicester. The store will measure 90,000 square feet, with 50,000 devoted mostly to the Flannels banner and the rest mostly to Sports Direct , each having a separate entrance. The store ...
