Sports Direct reported a 57% slump in first-half profit, capping a calamitous period in which it has come under fire for the treatment of workers and was left badly exposed by a low value pound after the Brexit vote.
Britain's Sports Direct, the retailer trying to mend its battered image, named its billionaire founder and controlling shareholder Mike Ashley as chief executive on Friday after Dave Forsey quit the role.
Retailer Sports Direct said a weaker pound would push up the cost of its imports and consumer confidence would deteriorate as it assessed on Thursday the likely impact of the UK's decision to leave the EU.
Mike Ashley, the billionaire founder of British retailer Sports Direct, defended the business he built from scratch but told MPs he would work to fix some shocking failings during heated exchanges in parliament.
Britain's biggest sporting goods retailer Sports Direct posted a 21 percent rise in profit on Thursday but said it would cut its bonus scheme earnings target for 2016 after failing to make the acquisitions necessary t...