Sports Direct owner says it has seen ‘weaker consumer confidence’ before and after the budget as it cuts profit expectationsThe high street retail giant Frasers said it had witnessed “weaker” confidence among shoppers leading up to and since the autumn budget, as the company reduced its profit forecasts for the year.It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year and lower profits. Continue reading…
Source link : https://www.theguardian.com/business/2024/dec/05/mike-ashleys-frasers-group-reports-10-profit-drop-and-warns-of-50m-budget-hit
Author : PA Media
Publish date : 2024-12-05 12:07:04
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Mike Ashley’s Frasers Group reports 10% profit drop and warns of £50m budget hit
