Sports Direct Sales and Profits Tumble

U.K. sports retailer and brand owner Sports Direct International saw sales fall by 6.5 percent to £1.26 billion and profits slump to £150 million from £214 million for the year to April 27, 2008. The business, which owns brands including Everlast, Slazenger, Dunlop, Kangol and Lonsdale, said the slump was due to bad weather in the United Kingdom and the failure of England’s soccer team to qualify for this summer’s UEFA Euro 2008 tournament.