Sports Division

Sports Division
Type	Public company
Industry	Retail
Successor	JJB Sports
Founded	1984
Defunct	1998
Products	Clothing, Sportswear, Sports equipment

Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s.[1] In 1998, because of the dramatic decrease in sales, Sports Division considered postponing coming to the market in April or May as planned. During that time, Sports Division began having clearance sales, indicating that they have had a decrease in sales on the market.

In July 1998, it was sold to its main competitor, JJB Sports, for approximately £295m.

In 1984, it was set up by Sir Tom Hunter, to sell trainers. Sir Tom started out selling trainers from the back of a van, subsequently borrowing £5,000 from his father, and £5,000 from RBS to set up Sports Division. In November 1995, Tom Hunter, along with business partner Philip Green, purchased larger rival Olympus Sports from Sears, and merged them into the brand Sports Division.[2][3]

References

"JJB kicks off £290m sports deal". BBC News. 23 July 1998. Retrieved 17 November 2015.
"MAYFIND ACQUIRES OLYMPUS AND OLYMPUS SPORTSWORLD FROM SEARS - PR Newswire". Retrieved 13 November 2015.
Peston, Robert (30 October 2008). Who Runs Britain?: ...and who's to blame for the economic mess we're in By Robert Peston. ISBN 9781848940161. Retrieved 13 November 2015.

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[1] "JJB kicks off £290m sports deal". BBC News. 23 July 1998. Retrieved 17 November 2015.

[2] "MAYFIND ACQUIRES OLYMPUS AND OLYMPUS SPORTSWORLD FROM SEARS - PR Newswire". Retrieved 13 November 2015.

[3] Peston, Robert (30 October 2008). Who Runs Britain?: ...and who's to blame for the economic mess we're in By Robert Peston. ISBN 9781848940161. Retrieved 13 November 2015.