SPORTS Direct International appears to be benefiting from the demise of high street rivals as it posted a bumper trading update which sent shares soaring more than 5%.
SPORTS Direct International appears to be benefiting from the demise of high street rivals as it posted a bumper trading update which sent shares soaring more than 5%.
NET GAINS: Sports Direct chief executive Dave Forsey said the company was certain it would hit full-year earnings targets of £270m.
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GREIG CAMERON Deputy Business Editor
The company, founded by Newcastle United owner and Rangers investor Mike Ashley, said third-quarter group sales were up 21.1% from £486.8 million to £589.5m in the 13 weeks to January 27 with gross profit up 23.5% to £244.8m.
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