Frasers links with Accent to drive Sports Direct expansion in ANZ
British sportswear and fashion retailer Frasers Group has entered a multi-year retail partnership with Accent Group to introduce and manage its Sports Direct brand in Australia and New Zealand (ANZ).
The agreement supports Frasers' broader international expansion strategy and represents its latest move to extend the reach of its retail portfolio into new markets.
Accent, which operates more than 900 stores and 12 brand distributions, intends to establish at least 50 Sports Direct stores along with an online presence by 2031.
The group is optimistic about the potential for opening up to 100 Sports Direct outlets across Australia and New Zealand.
Accent Group CEO Daniel Agostinelli stated: "After extensive discussions, we are very pleased to announce a long-term strategic relationship with Frasers to open Sports Direct in Australia and New Zealand. Sports Direct is one of the leading sporting goods retailing businesses globally. Frasers and Accent see a significant opportunity to bring a new and exciting global sports business to the Australian and New Zealand markets.'
The collaboration will see Frasers, as the primary shareholder of Accent Group, intensify efforts to bolster their sports retail footprint in ANZ.
Accent gains from the alliance by accessing Frasers' portfolio of proprietary brands such as Everlast and Slazenger.
The partnership will also capitalise on Frasers' established relationships with internationally recognised sports brands such as Nike and adidas, offering Accent a significant avenue for growth.
Frasers has decided to increase its stake in the company to 19.57%.
The capital raised through the share subscription, totalling £29m ($38m), will be allocated to support the initial phase of establishing the Sports Direct brand in the region.
The deal also includes Accent's acquisition of Frasers' MySale platform, which consolidates Frasers' Australian operations under Accent's umbrella and expands its online market presence.
Frasers Group CEO Michael Murray stated: 'We're looking forward to expanding our partnership to launch Sports Direct in Australia and New Zealand, working towards our bold plan of opening 100 stores. This re-affirms our commitment to drive growth of the Sports Direct brand internationally and marks a significant step forward in our ambition to becoming the leading global sporting goods retailer."
In March 2025, Frasers unveiled plans to expand the global footprint of its Sports Direct brand with 350 stores across India and Southeast Asia.
"Frasers links with Accent to drive Sports Direct expansion in ANZ" was originally created and published by Retail Insight Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Docusign, Manchester United, Petco: Trending Tickers
Docusign (DOCU) shares drop lower in Friday's trading session after reporting that first quarter billings fell short of expectations while topping revenue estimates. British soccer club Manchester United (MANU) is seeing its stock soar after lifting its adjusted EBITDA full-year forecast. Pet retailer Petco (WOOF) sank by over 20% after missing its quarterly sales forecasts as its comparable sales saw wider-than-expected declines tied to tariffs. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. It's time for our trending tickers. We're watching DocuSign on the decline, Manchester United kicking higher, and Petco is sinking. Let's start with DocuSign. It's seeing some of the lowest share prices in over a month. The company's first quarter beating estimates on revenue but missing billings expectations. And the company also adjusting its full year billings outlook, signaling potential stalling for its growth. So the shares as you can see are tumbling there. Um and you know, really it was that billing's forecast that accounts for the declines here. I I you know, DocuSign has been such an interesting story because obviously this was a pandemic sort of really sea change in the way that we signed documents. But since then the normalization happened and then it just hasn't seen that recovery. I mean I was looking back to 2021, the high in the stock 31005 was the high and it's trading what around 75, 76 now. So it's and it's just been bumping along at this level for a very long time. Yeah. So what do Bulls say on a day like this when the stock is just getting wrecked here? Uh team at Jeffries led by Brent Till, uh friend of the show. Uh Brent is sticking with this one. Uh told his clients he would consider that reaction overdone. He still sees this one in his words as a top mid-cap value play. He says he argues the Q1 jitters will pass, product stories broadening out, no change, he says, to leading core signature business. Maintains the buy. He is in the minority though, right? Because there are five buys on this one, 15 holds, and one sell. Target 105. All right, Manchester United shares are up after reporting third quarter earnings despite missing revenue estimates. The football club sharing some rallying news and adjusting their forecast for remainder of the year. Uh this one stock jumping, football club boosts its adjusted guidance for the year. Uh I do see some analysts out there saying, and this is the team also, Jeffries, uh saying the company raised the sales outlook, increased the adjusted guidance, reflects the impact of ongoing cost-cutting efforts. They have a buy. Target is 26. Man United has had a rough year. And so this coming it's down hard because they haven't been playing well. Um and so, you know, it's funny because obviously we don't have really a lot of publicly traded access to sporting teams here in the US, but in Europe, the fate of the stocks is frequently tied to whether they're winning or losing because the thinking I guess if they're losing not as many people are going to be spending money on the club. Um and Man United had a bad season. It lost the Europa League final against Tottenham. Um and that that was back in late May and we saw the stock really drop on that. So this a relief for investors. It looks like that they're cutting cutting costs and trying to to mitigate some of the losses. And it's three. I mean, there's not a ton of coverage and they're split anyway. Two buys, two holds. Yeah. All right, let's talk about Petco. Health seeing losses today following the announcement of its first quarter earnings. Sales for the company down 2.3% this quarter. Comparable sales fell 1.3%. The pet supply retailer says that tariff uncertainties are a primary cause. In addition to growth initiatives which aren't expecting results until late 2025 here. So, um I feel like, you know, Wolf is the ticker on this. And I feel like we always make sort of the Wolf joke because they've had some disappointing quarters as of late. This is not the first that we have seen here um for Petco, unfortunately for them. City uh neutral on this one. I see them cited as saying they see the results is actually encouraging. Uh they argue the weakness was overblown. Changes, they told their clients, are happening in stores which could potentially drive a return to sales growth in the second half. Tariffs, they they emphasize, are being mitigated. Uh stock is down pretty hard this year about 25%. Most analysts like City are are on the sidelines. I mean, you're a pet owner. I know we've talked about this before. Are you a Petco customer? I am not. I'm not a Petco guy. We go in there occasionally. But usually I mean, I think a lot of pet owners you know, order their stuff online now. And City says, uh to your point, the cat category we set in May and the dog category we set last week in case you're wondering. For those of us with dogs and cats. Big news there. I've just a dog household in my case. Nothing wrong with that.
Yahoo
an hour ago
- Yahoo
Fueled by trade tensions and foreign wars, a rush for an obscure mineral heats up in Alaska
A sign warns of a sled dog crossing along Old Murphy Dome Road outside Fairbanks. The road leads to a site where an Australian company called Felix Gold could begin mining antimony. (Max Graham/Northern Journal) Alaska hasn't produced antimony — a shiny mineral used in weapons, flame retardants and solar panels — in almost 40 years. That could change this summer, according to the executives of a Texas company that has snatched up more than 35,000 acres of mining claims in Alaska. Dallas-based U.S. Antimony Corp. is looking to the state as a new source of antimony for its smelter in Montana, the only plant in the United States that refines the mineral. Alaska's antimony, the company says, could help the U.S. overcome a recent ban on exports of the mineral from China, the world's top antimony producer. Antimony is among several minerals — many of which are used in renewable energy — that the U.S. has sourced primarily from China and other countries in recent decades. Efforts to build more mines in the U.S. have accelerated amid worsening trade tensions and growing demand. With no active antimony mines, the U.S. in recent years has imported roughly 60% of its antimony from China. Meanwhile, need for the mineral has surged as antimony-laden arms flow to wars in Ukraine and the Middle East. The price of the mineral has quadrupled in the past year, rising from around $13,000 to $55,000 per ton. U.S. Antimony is now expanding its Montana smelter and rushing to find more ore to supply it. Alaska is its 'primary focus' for boosting production, an executive said in an interview last week. In the past eight months, a U.S. Antimony subsidiary, Great Land Minerals, has acquired claims in three different areas of Alaska's Interior: outside Fairbanks; near the small town of Tok; and along the Maclaren River off the Denali Highway, a scenic road that runs outside the national park. U.S. Antimony says it's looking to truck antimony ore some 2,000 miles from Alaska to its processing plant in Montana. That operation could start as soon as September, executives said on a recent call with investors. 'We can't get that antimony from Alaska to Montana fast enough,' Joe Bardswich, U.S. Antimony's chief mining officer, said on the call. The company's plans coincide with a separate effort by an Australian company to start up its own small-scale antimony mine near Fairbanks. Felix Gold is seeking to restart production this year at a long-shuttered antimony mine that sits within a few miles of a residential subdivision, Hattie Creek. The company also is eyeing prospects near the hamlet of Ester on the outskirts of Fairbanks — where U.S. Antimony's subsidiary has claims, too. The potential developments are generating a mix of responses locally. Some residents worry about environmental impacts of mining and its potential to transform tranquil Fairbanks-area neighborhoods into noisy industrial sites. 'I don't want to be all NIMBY. But it literally is my backyard,' said Lisbet Norris, who lives in Hattie Creek, about 10 miles north of downtown Fairbanks. 'It's just so close.' Norris, a dog musher, runs sled tours on trails that cross Felix Gold's claims on state land, and she's concerned that mining might impede her business. She's also worried about heavy industrial use of the dirt road that connects her neighborhood — and Felix Gold's potential operations — to the rest of town. Other Fairbanks residents, however, say they support mining in the area; some cite the town's early history as a gold mining town and the potential economic benefits of new mines. 'It's because of mining that Fairbanks is what it is,' said Roger Burggraf, a local prospector who owns some of the claims that Felix Gold has leased to study the feasibility of antimony mining. Burggraf said he understands the concerns of people who live near gold and antimony prospects. But when they bought their properties, 'they should have realized that if a mine developed, that might change their lifestyle,' he added. Felix Gold has a permit only for mineral exploration, not active mining. The company aims later this year to apply for additional state permits, and to finish studying the profitability of developing a small antimony mine near the Hattie Creek subdivision. U.S. Antimony also has applied only for a permit to search for antimony, though it hopes to apply for more permits and start mining within a year. If its exploration efforts show a mine would be profitable, it would propose an underground operation, said Rodney Blakestad, U.S. Antimony's vice president of mining. The footprint would be small, more similar to the family-run placer mines in the area than to a large-scale hardrock mine, according to Blakestad. 'We're not Fort Knox,' he said, referring to Fairbanks' huge open pit gold mine. But before U.S. Antimony begins mining, it wants to buy antimony ore from existing placer gold mines. Antimony often appears alongside more-valuable gold, and gold miners have typically thrown it aside. Now that antimony prices are surging, though, U.S. Antimony representatives say every little bit is valuable. A 25-ton truck could carry some $600,000 worth of minerals, Bardswich said in an interview. That means small loads of antimony ore from shallow, exploratory trenches that the company intends to dig at its Alaska prospects this summer also could be worth driving 2,000 miles to the Montana smelter, company executives said. In the meantime, they intend to launch an advertising campaign to share their interest in buying the mineral from placer miners. 'People don't realize this: Gold is not the best mineral to be mining, if you're looking for really good value,' said Blakestad. 'Antimony is.' Northern Journal contributor Max Graham can be reached at max@ He's interested in any and all mining related stories, as well as introductory meetings with people in and around the industry. This article was originally published in Northern Journal, a newsletter from Nathaniel Herz. Subscribe at this link.
NBC Sports
an hour ago
- NBC Sports
Ariarne Titmus: 'I know that the LA Olympics will be my last'
Australian swimmer Ariarne Titmus, who is taking this season off from competing, does plan to return for a 2028 Olympic bid while repeating that she's at 'the tail end' of her career. 'I know that the LA Olympics will be my last,' Titmus, 24, said on a Two Am I podcast episode published Friday. 'So I just don't want to be an athlete that retires from their sport and is lost and has nothing to do, and I think that it was so important for me to channel different areas of my life to know that when I do leave the sport behind, I'm going to be all right.' Titmus won Olympic 200m and 400m freestyle titles at Tokyo 2020, then earned gold in the 400m free and the 4x200m free relay at the Paris Games. She has been American Katie Ledecky's primary rival for several years. Australia hosts the 2032 Brisbane Games, when Titmus will be 31. No Australian female swimmer over the age of 30 has ever competed at the Olympics, according to the OlyMADMen. After the 2023 World Championships, Titmus told her coach, Dean Boxall, that she would be 'running on fumes' by the end of 2024. 'I just know for myself, mentally more than anything, I just need to give myself a break, and a long break,' she said on the podcast, adding that she had swum 3,000 meters total since last summer. 'I need to give myself almost like an unlimited timeline to allow the hunger and motivation to build back up. I mean, I've been training the volume that I have been since I was 13, and up until I was 21, I'd had no more than two weeks at a time off. 'So, after Tokyo, I had two months (off). I enjoyed myself, but it didn't quite feel long enough. So I thought, if I want to make it through the next cycle, I'm going to have to give myself some time to just enjoy life a little bit.' Last November, fellow Australian swim star Kaylee McKeown was quoted saying that she plans to make LA 2028 her final Olympics, too. McKeown would be bypassing a chance to bid for the 2032 Games that will be held 19 miles north of her birthplace. 'I already know within myself I want to go because it will be my last Olympics, and I want to enjoy the sport, I love the sport, and I don't want to do it for anyone else or any other purpose but myself,' McKeown said then, according to News Corp Australia. McKeown, 23, swept the 100m and 200m backstrokes in Tokyo and Paris and has continued to compete since then. McKeown's total Olympic gold medals (five, including in the Tokyo women's 4x100m medley relay) and total Olympic medals (nine) have been bettered by only one athlete in Australian history across all sports: swimming teammate Emma McKeon, who announced her retirement last November. In 2028, both Titmus and McKeown can win individual gold at a third Olympics, a feat accomplished by one previous Australian in any sport: swimmer Dawn Fraser, won took the 100m free in 1956, 1960 and 1964. Nick Zaccardi,
