Sports Direct & House of Fraser parent Frasers Group has posted £2.33 billion sales for the 26 weeks to 24 October 2021 which is up from the £1.89 billion it generated for the same period last year. The business said that revenue from sports retail grew by 27.6 per cent as stores reopened, this also saw premium lifestyle revenue go up by 33.6 per cent and European retail sales increase by 13.6 per cent.
In its statement to the LSE, the business said: “Since our last outlook statement given at our FY21 results announcement of 5 August 2021, our performance continues to be strong in both our store estate and online. We do however remain cautious with a number of well-publicised macroeconomic headwinds on the horizon in the form of but not limited to cost increases, supply chain issues and potential squeezes on consumer spending power.
“There is still the risk that Covid-19 measures could adversely affect outlook and we are now seeing restrictions return, including lockdowns in Europe.”
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