UK sportswear and athletic footwear retailer Sports Direct has announced increased profits and sales, which it said “further validated our resilient business model”.

Sports Direct increased retail gross profit by 13.3% to £119 million, on sales up 12.1% to £296 million for the nine weeks to 25 September, 2011. The group said it was “confident” of hitting the full-year target of £215 million of underlying profits.

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