Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
In a statement to the City late yesterday, the retailer said that sportswear giant Nike had confirmed it had cut ties with its 24-strong Bob’s Stores estate in the US from the end of March 2021.
The Mike Ashley-owned business said that Nike’s decision “did not directly affect” the wider group and that Bob’s Stores is “one of several US-based retailers Nike has cut ties with in recent days”.
The retailer also said that the Bob’s Stores estate “does not include any of the new elevated stores which are core to the Frasers Group elevation strategy”.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.