Sports Direct denies allegations of profiteering made by its own staff – ITV News, Itv.com
Lonsdale Club Skipping Rope that was £ 2. 100 rose to £ 4.
Slazenger Aluminum Baseball Bat that was £ . rose to £ .
Unicorn Esclipe Pro Dartboard was £ . rose to £
Everlast dumbbell set ( (kg) was £ . rose to £ .
The list was sent to us by several people who work for Sports Direct and were uncomfortable with what the company was doing.
“It’s incredibly rare for prices to go up by £ , let alone £ , “a store manager told me earlier.
“[Sports Direct] are hiking prices on the‘ stuck at home ’stuff like dartboards and dumbbells. That’s the stuff that’s selling at the moment and [the company] know it.”
“This is 728% price-gouging. It’s outrageous, “the manager adds.
A spokesperson for Frasers Group has denied any wrong-doing on Tuesday night.
“While some goods have seen an increase in price at Sports Direct, this is not the complete or accurate picture. Not only were these goods originally discounted, but even now they are under the Recommended Retail Price ( RRP). “
A spokesperson for Frasers Group has denied any wrong-doing on Tuesday night. Credit: ITV News Graphics
It is worth noting that most of the goods listed above belong to brands owned by Mike Ashley (Lonsdale, Slazenger and Everlast). As such Fraser Group sets the RRP.
Last week the Competition and Markets Authority (CMA) set up a task force to crack down on companies that attempt to cash in during the outbreak of the coronavirus outbreak by increasing prices.
In a statement, the CMA said on Tuesday night: “along with reports about other retailers, we are aware of the situation at Sports Direct. We will continue to monitor the situation closely, and will take action where appropriate. “
The CMA will look at the timing of the price increase. It will also want to be satisfied that SD was legitimately passing on an increase in its costs, or that goods in question had suddenly become scarcer.
If it’s not happy that was the case then it may pursue enforcement action.