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    FRAS   GB00B1QH8P22

FRASERS GROUP PLC

(FRAS)
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Frasers : England's Euros run spurred strong shirt sales, says Sports Direct

07/12/2021 | 09:10am EDT

July 12 (Reuters) - England's Euros journey might have ended in heartbreak but the Three Lions' run to the final spurred a boom in sales of replica soccer shirts, a leading British sporting goods retailer said on Monday.

Sales of England and other national kits at retailer Sports Direct quadrupled compared to during the 2018 World Cup, the last major tournament to feature England, the company said.

"We've seen an uplift in anything related to the England team," a spokeswoman for Sports Direct parent group Frasers said via email.

The company did not provide specifics on how much it made in sales. The England kit is supplied by U.S. sportswear company Nike.

Harry Kane's men went down on penalties to Italy in Sunday's final, scuppering England's chances to land their first title since the 1966 World Cup triumph. The event drew in Britain's biggest TV audience since the funeral of Princess Diana in 1997.

Recent popular search terms on Sports Direct's website include "retro England football shirts" and "England football top", the spokeswoman said.

English midfielder Jack Grealish's was the best selling shirt this year followed by Kane.

Sports Direct also saw "huge demand" for fan products like its 15-pound ($21) supporters' kit that includes flags, balloons and bunting. ($1 = 0.7194 pounds)

(Reporting by Pushkala Aripaka and Yadarisa Shabong in Bengaluru; Editing by Angus MacSwan)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FRASERS GROUP PLC 0.14% 702.5 Delayed Quote.55.41%
NIKE, INC. -0.53% 148.8 Delayed Quote.5.74%
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Financials
Sales 2022 4 035 M 5 532 M 5 532 M
Net income 2022 155 M 213 M 213 M
Net cash 2022 476 M 652 M 652 M
P/E ratio 2022 17,5x
Yield 2022 -
Capitalization 3 451 M 4 717 M 4 731 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,66x
Nbr of Employees 25 000
Free-Float 25,9%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 701,50 GBX
Average target price 645,00 GBX
Spread / Average Target -8,05%
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Managers and Directors
Michael James Wallace Ashley Chief Executive Officer & Executive Director
Chris Wootton Chief Financial Officer & Executive Director
David Daly Non-Executive Chairman
David Al-Mudallal Chief Operating Officer
David Brayshaw Independent Non-Executive Director
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