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Frasers Group reports drop in full-year revenue, profit as lockdowns bite

Frasers Group has reported a drop in full-year revenue and pre-tax profit as store closures during the pandemic took their toll on the business. The group, which owns brands Sports Direct, Flannels, House of Fraser, and Jack Wills, reported Thursday an 8.4 percent drop in revenue to 3.63 billion pounds in the year to April 25. UK Sports Retail...

Aug. 5, 2021