The number of shoppers in Britain visiting stores on the day after Christmas fell again this year, data showed on Thursday, underscoring how a formerly key date for retailers has been supplanted by Black Friday sales.
The number of British shoppers hitting the post-Christmas sales dipped by 4.2 percent year-on-year on Wednesday, offering no relief for struggling stores that had already discounted heavily in the run-up to the holiday.
Sports Direct's biggest headache is integrating its House of Fraser buy, but its latest results show it forging ahead with developments at the rest of the business, although this is denting turnover at some chains.
The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.
Mike Ashley, the billionaire boss of Sports Direct , will use an appearance in front of members of parliament next month to demand more assistance for Britain's struggling retail sector, he said on Thursday.
House of Fraser boss Mike Ashley’s wish to keep open as many of the beleaguered department store chain’s branches as possible could come to nothing with reports that a raft of new closures are about to be announced.
Sports Direct International Plc, the sportswear group controlled by billionaire Mike Ashley, said on Wednesday it had paid 8 million pounds ($10.2 million) to buy Evans Cycles after it fell into administration.