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Margins hit at Sports Direct

Sports Direct said that UK retail sales were ahead of expectations but that margin had been hit since February 18.

In a pre-close statement Sports Direct said it remained confident it would meet market expectations and achieve underlying EBITDA of around £135 million.

UK retail is Sports Direct’s largest division.

The sportswear retailer’s year end is on April 26. It will disclose its preliminary results on July 16.

 

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