HULFT BANNER
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Tuesday 15 October 2019

LATEST NEWS 

Payments Awards 2019

Ashley ‘mulls shopper credit at Sports Direct’

Written by Hannah McGrath
01/04/2019

Mike Ashley’s Sports Direct is reportedly eyeing moves to offer consumer credit options to its customers.

According to reports in the Daily Telegraph, Ashley, whose Sports Direct Group is currently battling to take control of struggling retailer Debenhams, is said to want to emulate Next, which has 2.5 million customers signed up to its credit arm.

Chris Wootton, deputy chief financial officer of Sports Direct, said that credit extended to shoppers was “on the agenda” as part of plans to grow Sports Direct, in comments cited by the paper.

However, Wootton acknowledged potential pitfalls involved in extending long-term payment options with interest rates to customers, including regulation and compliance.

He is quoted as saying that the company wants to steer clear of a “situation where someone ends up paying £1,000 for a football”.

In a separate development in Sports Direct's £61.4m bid to takeover Debenhams, the company, which holds a 30 per cent stake in Debenhams, urged shareholders this morning to set out their objections to a £200m refinancing plan rubber stamped by bondholders last week.


Retail Payments Survey

Related Articles

Technology for Marketing

HULFT
Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.
Most read stories...
World Markets (15 minute+ time delay)