Published on 12th December 2013
Sportswear and equipment retailer Sports Direct slumped today despite delivering a near-17 per cent jump in underlying profits during its first half, driven by an increase in online and international sales. However, the company did say that '[current] trading has now reverted to management's original expectations' following the outperformance in the first half. The group also revealed that long-running Finance Director, Bob Mellors, who was appointed in 2004, is to retire at the end of December on health grounds.