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

Dow Jones

2025/04/01

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. 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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,"need_auth":true,"code":"91000000","status":"200"}}}