‘Tough market conditions’ hit UK half-year retail sales at Frasers Group

• Frasers Group, the owner of Sports Direct and Flannels, reported a 5.8% decline in sales at its UK sports division for the six months ending October 26, totaling £1.3 billion. This downturn is attributed to heavy discounting by competitors and a significant drop in consumer confidence.
• The decline in sales highlights the challenges facing Frasers Group in a tough retail environment, suggesting potential difficulties in maintaining market share and profitability, particularly as the company navigates planned declines in its Game outlets and Studio Retail online operations.

— via World Pulse Now AI Editorial System