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The owner of Sports Direct and Flannels has said sales have fallen at its UK retail businesses amid heavy discounting by rivals and “very subdued” consumer confidence.
Frasers, which is controlled by former Newcastle United owner Mike Ashley, said sales at its UK sports division were down 5.8% in the six months to 26 October to £1.3bn despite growth at the main Sports Direct chain because of “planned decline” at its Game outlets and the Studio Retail online arm.
Michael Murray, the chief executive of Frasers Group, which also owns House of Fraser department stores, Jack Wills and dozens of other brands and a number of shopping centres, said “market conditions are tough” and “consumer confidence is very subdued”.
The company said it remained cautious about the second half of its financial year but still expected to meet full-year profit expectations of up to £600m, after its bottom line was boosted by a big increase in the value of its investment in the Hugo Boss brand.
Sales fell by 3.7% at its premium division as it said it had closed more House of Fraser, Jack Wills stores and outlets relating to a string of brands it bought from JD Sports in 2022 including Liam Gallagher’s Pretty Green and 1980s brand Tessuti.
Total sales for the group rose 5% to £2.6bn in the half year, after strong growth internationally where the group has snapped up a number of new businesses, and pre-tax profits almost doubled to £412m largely as a result of the increased value of the Hugo Boss stake. Operating profits increased 18% to £219.8m.
“Trading has improved compared to last year’s budget-affected period;
it is still weaker than [the year to April 2024], with excess inventory in the sector continuing to weigh on the wider market,” Frasers said.
after newsletter promotion
Murray said: “We’ve made a solid start to [the year to April 2026] even though market conditions are tough, consumer confidence is very subdued and excess inventory continues to weigh on the industry, leading to increased promotional activity. While we remain cautious into the second half, our focus is unwavering as we confront these challenges head-on.”
At Maersk, your safety and that of everyone traveling on Central American roads is a top priority. That’s why we want to share important information regarding weight and dimension regulations for land transportation in Guatemala, El Salvador, Honduras, and Nicaragua, as outlined in the Acuerdo Centroamericano Sobre Circulación Por Carreteras, En Materia De Pesos Y Dimensiones De Vehículos De Carga. This supports our shared commitment to road safety.
As part of compliance with the Acuerdo Centroamericano sobre Circulación por Carreteras, en Materia de Pesos y Dimensiones de Vehículos de Carga, we present a summary of the established limits to help you plan your shipments safely and without setbacks.
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Country |
Chassis |
Tractor Unit |
Tare Container Weigh: Tons. |
Max Total Weight 1 T3-S2 (2 axles) |
Max Total Weight T3-S3 (3 axles) |
|---|---|---|---|---|---|
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|
3.8-6 Tons (2 axle)
3.9-8 Tons (3 axle)
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|
20 std’ 2.05 – 2.28
40 std’ 3.7 40 HC 3.9 45 HC 3.9 – 4.9 40 HR 4.5 – 4.6
|
|
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*Approximate weights may vary depending on the manufacturer and model.
We appreciate your cooperation in continuing to provide a safe, efficient service aligned with local regulations.
For more information, please contact your sales or customer service representative.
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