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Sports Direct confident of meeting forecasts

Sports Direct International said it was confident it would meet revised EBITDA forecasts of £148 million for the full year.

Sports Direct said that sales for the 13 weeks to January 27 were £317 million with group gross profit at £142m. Trading since January 27 has been in line with management expectations.

The sportswear retailer opened 15 new stores during the period and closed 13 smaller shops.

Sports Direct chief executive David Forsey said: "Whilst the company recognises the challenges in the retail market and across the economy as a whole, we have a compelling customer proposition and a resilient business model. We are confident of meeting current market expectations and will continue to grow organically, via acquisitions and through partnerships on a global basis."

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