Sports Direct’s results: going from strength to strenght: Zolfo Cooper…
Dan Coen, director at advisory and restructuring firm Zolfo Cooper, comments on today’s Sports Direct results:
“Sports Direct is going from strength to strength with today’s results setting a shining example for others to follow.
Having recently acquired Republic, and rumours circulating on other high profile acquisitions, the retailer certainly understands the importance of diversifying its business. Strategic acquisitions like these have transformed Sports Direct from a sportswear retailer into a strong multi-brand group.
Sports Direct knows when to take action against poorly performing stores – shown by its recent decision to shut down some Republic and JJB shops. Whilst these are difficult decisions to make, the retailers who are prepared to take decisive action to deal with underperforming stores will ultimately come out on top.”
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