rss

Author Archive for Sarah Butler

0

Minimum wage: football clubs and Wagamama among worst underpayers

Name and shame list reveals 9,200 underpaid employees within total of 179 firmsWagamama, TGI Fridays, Marriott Hotels and Karen Millen are among the companies named and shamed by the government for failing to pay the legal minimum wage.The latest list,…

0

Karren Brady to chair firm that owns Philip Green’s Arcadia group

West Ham United CEO takes over as head of Taveta after Anthony Grabiner stepped down with immediate effect

Karren Brady, the West Ham United chief executive and regular on The Apprentice, is to take over as chair of Sir Philip Green’s retail empire as Anthony Grabiner steps down.

Lord Grabiner, who has spent 15 years at the head of Taveta, is to step down with immediate effect. Taveta is the Green family firm, owned by Sir Philip Green’s Monaco-based wife Tina. It controls Arcadia , which in turn owns fashion chains including Topshop, Topman, Miss Selfridge and Dorothy Perkins and previously included BHS.

Continue reading…

0

Everton to pay staff living wage

Premier League club becomes latest of only five clubs, including Chelsea, to win accreditation by Living Wage Foundation

Everton has become the second Premier League club to pledge to pay all its staff at least the independently calculated living wage.

The Liverpool-based football club is being accredited by the Living Wage Foundation as the body prepares to announce this year’s minimum pay rate – which is based on a calculation of the amount employees and their families need to live.

Continue reading…

0

Rangers gives Sports Direct formal notice to end joint venture

Football club’s chairman, Dave King, writes to retailer a day after it dropped a high court challenge against Rangers, but contract has seven-year notice period

Rangers has moved to end its turbulent commercial relationship with Sports Direct after the football club saw off a legal challenge from the retail chain.

In a message to supporters, the Rangers chairman, Dave King, said he had written to Sports Direct formally giving notice to end the joint venture. The statement came a day after the retailer dropped a high court attempt to prevent the disclosure of details behind the tie-up.

Continue reading…


0

Lidl named official supermarket of England, Scotland and Wales football teams

German discount grocer signs multimillion-pound deal with Football Association to supply fish, fruit and vegetables to players

German discount chain Lidl has been appointed official supermarket of the England football team.

From Tuesday, the Neckarsulm-based grocer will be the official supplier of water, fish, fruit and vegetables for Roy Hodgson’s boys under a multimillion-pound three-year deal with the Football Association. It will also be official supplier of fish, fruit and vegetables for Scotland and Wales after signing similar deals with their equivalent footballing bodies.

Continue reading…


0

Sports Direct founder Mike Ashley called to Westminster over employee treatment

Scottish affairs committee investigating how 200 staff at Ayrshire warehouse lost jobs when administrators called in plus use of zero-hours contracts Continue reading…

0

Mike Ashley sells £117m stake in Sports Direct

Share sale fuels rumours that Newcastle United owner is preparing to offer emergency loan to RangersMike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.The sale of the 15.4m shares, which will r…

0

Mike Ashley sells £117m stake in Sports Direct

Share sale fuels rumours that Newcastle United owner is preparing to offer emergency loan to RangersMike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.The sale of the 15.4m shares, which will r…

0

Retail industry sets goals for World Cup profits

Televisions, beer and replica shirts among target goods, with supermarkets and electrical shops expected as biggest winners Continue reading…

0

World Cup 2014 kicks off television sales boom

Sales soar 47% in the week to 31 May at John Lewis, with UK stores expected to sell 170,000 more units before opening match Continue reading…

0

Sports Direct shares fall in Adidas football kit row

Retailer biggest faller in FTSE 100 after losing sales of premium strips worn by Chelsea and World Cup favourites

The high street sports retailer Sports Direct is embroiled in a spat with Adidas which means it could lose out on sales of football kits worn by Chelsea and World Cup favourites including Spain next year.

Concerns about the dispute contributed to a 12.5% slump in Sports Direct’s share price yesterday, making it the biggest faller in the FTSE 100.

The retailer’s stock dived 97p to 674p, as it also revealed slightly-lower-than-hoped-for profits after a £6.3m hit from restructuring costs at its new Republic chain as well as a cautious outlook for the next few months.

Adidas said in a statement that it would not sell premium-priced football kits, such as Chelsea’s strip, through Sports Direct from next spring, citing factors such as “in-store environment” and “customer service levels.”

A spokesman for Adidas said: “Like all manufacturers, we regularly review, season by season, where our products are distributed. We determine distribution channels for all products based on criteria such as in-store environment and customer service levels. This is normal business practice and Adidas has done this before. This season, we’re implementing a new distribution strategy across Europe for key products in football and other sports.”

David Forsey, chief executive of the British chain, which claims to be the biggest seller of replica football kits in Europe, said that the company would pursue “various strategic options to protect its leading global market position within the football category,” following the Adidas move.

Forsey would not comment on whether Sports Direct would consider legal action but said he hoped to persuade Adidas to change its course. The Adidas move applies to kits which exactly match the on-field outfits worn by teams.

It is understood that Sports Direct will not be able to stock shirts for national teams such as Spain, Argentina and Germany – all teams which Adidas sponsors and which are expected to play a leading role in next year’s football World Cup.

The competition is a key event for sports retailers when sales of shirts can rise nearly 90%. The policy will not affect a range of other products, including more generic Chelsea team shirts that differ from the premium-level replica kit.

The spokesman for Adidas said: “We’d like to point out that Sports Direct continues to be an important retailer for Adidas and their customers still have the opportunity to buy a great range of Adidas products in their stores.”

While City analysts were disappointed with the profit performance of Sports Direct, the company continued to defy the tough times experienced elsewhere on the high street to reveal a 23.5% rise in group revenues to £1.34bn.

The revenue boost was led by a 13.4% rise in UK sports retail sales to £903m in the six months to the end of October thanks to rapid growth online. Despite underperforming expectations, pre-tax profits still rose 17% to £146.2m.

theguardian.com © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds

0

Brady aims to secure West Ham’s new home

West Ham United boss Karren Brady has high hopes for Olympic Stadium and for more women to run UK businessesSitting in the Olympic Stadium during this summer’s magical sporting achievements was bitter-sweet for Karren Brady, vice-chairman of Premier Le…