Sports Direct Rollout Could Hit Super Retail's Rebel Stores -- Market Talk

Dow Jones

04-01

2353 GMT - Super Retail's Rebel Sport stores could face material competition from the likely launch into Australia of Fraser Group's Sports Direct chain, Citi analyst Adrian Lemme warns. ASX-listed Accent Group is in discussions with Fraser over the regional rights to operate Sports Direct, which Lemme points out is a major customer of brands including Nike and Adidas. He tells clients in a note that he is waiting on further detail of a likely Sports Direct rollout in Australia, but says that Accent's talks with Fraser already support his existing downside catalyst on Super Retail. Citi has a buy rating and A$18.00 target price on Super Retail, which is up 0.8% at A$13.01. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 31, 2025 19:53 ET (23:53 GMT)

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ASX-listed Accent Group is in discussions with Fraser over the regional rights to operate Sports Direct, which Lemme points out is a major customer of brands including Nike and Adidas. He tells clients in a note that he is waiting on further detail of a likely Sports Direct rollout in Australia, but says that Accent's talks with Fraser already support his existing downside catalyst on Super Retail. Citi has a buy rating and A$18.00 target price on Super Retail, which is up 0.8% at A$13.01. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 19:53 ET (23:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524904149","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524904149","pubTimestamp":1743465180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2353 GMT - Super Retail's Rebel Sport stores could face material competition from the likely launch into Australia of Fraser Group's Sports Direct chain, Citi analyst Adrian Lemme warns. 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ASX-listed Accent Group is in discussions with Fraser over the regional rights to operate Sports Direct, which Lemme points out is a major customer of brands including Nike and Adidas. He tells clients in a note that he is waiting on further detail of a likely Sports Direct rollout in Australia, but says that Accent's talks with Fraser already support his existing downside catalyst on Super Retail. Citi has a buy rating and A$18.00 target price on Super Retail, which is up 0.8% at A$13.01. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 19:53 ET (23:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}