Sports Direct reverses plans to close Fox Valley store in Stocksbridge, Sheffield

Sports Direct has dramatically reversed a decision to close a Sheffield store in a row over rent.
By David Walsh
Published 18th Mar 2022, 15:06 GMT
Updated 18th Mar 2022, 15:06 GMT
Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now

Last month, the company was advertising a closing down sale.

Now, landlord Fox Valley Retail Park in Stocksbridge, says the retailer is staying open and paying the same rent.

Read More
Arena hits back at claim ‘top bands prefer Leeds’
The shop at Fox Valley in Stocksbridge is advertising a closing down sale, with ‘all stock reduced’.The shop at Fox Valley in Stocksbridge is advertising a closing down sale, with ‘all stock reduced’.
The shop at Fox Valley in Stocksbridge is advertising a closing down sale, with ‘all stock reduced’.
Hide Ad
Hide Ad

A spokeswoman for Fox Valley said: “Sports Direct will be staying open at the store’s current location within Fox Valley.

“We are pleased to announce the company has decided to continue with its lease at our shopping centre and will be operating under the same terms and conditions.”

It represents victory for Fox Valley after Sports Direct demanded a new rent based on four per cent of turnover. Between 10 and 20 per cent of turnover is more common.

Fox Valley bosses insisted their charges were ‘extremely competitive’ and refused to budge.

It will further damage the centre’s retail offer after the departure of Next in July last year.It will further damage the centre’s retail offer after the departure of Next in July last year.
It will further damage the centre’s retail offer after the departure of Next in July last year.

At the time, a spokeswoman said Sports Direct had been making ‘a good level of profit’. They also had interest from other retailers interested in taking the unit.

Hide Ad
Hide Ad

Fox Valley has 46 retail and hospitality units and 13 offices.

Sports Direct was contacted for comment.

RESTORATIONS: Delicate touch saves Victorian facade

BUSINESS NEWS: Tech firm moves to four-day week

To continue holding the powerful to account and giving people a voice, The Star needs you to subscribe, please

Related topics:Fox ValleyStocksbridgeSheffieldVictorian