THE boss of the group that owns Sports Direct has urged the Labour Government to finally reform business rates to get the High Street back on track.He said: “I’m happy to work with the Government if they want to listen to what would work. After all, we have a lot of shops and employ a lot of people.
The tycoon was the “pile ’em high, sell ’em cheap” master of cut-throat retailing and a chaotic character to boot.He’s not quite there yet, because Frasers still has such a mad mish-mash of brands ranging from Agent Provocateur to Game to House of Fraser. The £2billion business hailed its “strong performance” which came despite poor summer weather and supply disruption caused by Red Sea rebels.
However, the firm said while its sales growth had slowed to 5.3 per cent compared with 21 per cent growth a year, its sales volumes were up.