Money
Frasers is a misunderstood retailer – so it’s shares are going at a bargain
Second is that Frasers remains a misunderstood business. Most people believe its fortunes are entirely dependent on Sports Direct, selling cheap tennis rackets, tracksuits and giant mugs. That is no longer true.
Yes, Sports Direct remains central to Frasers’ proposition but there are plenty of other areas that could become bigger contributors to earnings. It’s feasible to suggest the stock could trade on a richer valuation if Frasers continues to execute its strategy with success.
Murray is the driving force behind Frasers’ “Elevation Strategy”, which targets more affluent customers and broadens the group’s reach. The company has strengthened partnerships with big brands and rolled out smarter stores and luxury products under the Flannels name.
This builds on earlier initiatives to make money from gaming, gyms, cycling and sofas, and the group now operates in the UK and overseas. This illustrates how a focused, ambitious company can spread its wings and become a bigger beast.
Frasers recently laid out plans to become a bigger player in the buy now, pay later market, both for its own shops and third-party retailers. Next makes a chunk of its profit from finance and that has clearly given Frasers a lightbulb moment.
Frasers’ service makes it easier for individuals to purchase products from brands including Nike, Adidas, Chanel, Gucci and Prada without upfront payment. Anyone who doesn’t pay off the full amount within three months is charged a 29.9pc annual interest rate on the outstanding balance. Frasers says customers using this service spent £500 on average, with an approximate 5pc default rate.
Buy now, pay later is a competitive market and third-party providers like Klarna and PayPal are already established partners for retailers around the world. Frasers might still have a chance to muscle in on the market as its service to retailers is free, unlike some of the big-name rivals. It recently signed up e-commerce group THG as its first external client in this area.
CryptoCurrency
Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
CryptoCurrency
Bitcoin options markets reduce risk hedges — Are new range highs in sight?
Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level.
CryptoCurrency
Ethereum is a 'contrarian bet' into 2025, says Bitwise exec
Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.
CryptoCurrency
Blockdaemon mulls 2026 IPO: Report
CryptoCurrency
SEC asks court for four months to produce documents for Coinbase
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
CryptoCurrency
‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec
Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.
-
Sport7 hours ago
Joshua vs Dubois: Chris Eubank Jr says ‘AJ’ could beat Tyson Fury and any other heavyweight in the world
-
News1 day ago
You’re a Hypocrite, And So Am I
-
News8 hours ago
Israel strikes Lebanese targets as Hizbollah chief warns of ‘red lines’ crossed
-
Technology6 hours ago
iPhone 15 Pro Max Camera Review: Depth and Reach
-
CryptoCurrency7 hours ago
Are there ‘too many’ blockchains for gaming? Sui’s randomness feature: Web3 Gamer
-
CryptoCurrency7 hours ago
Help! My parents are addicted to Pi Network crypto tapper
-
CryptoCurrency7 hours ago
Decentraland X account hacked, phishing scam targets MANA airdrop
-
CryptoCurrency7 hours ago
Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express
-
CryptoCurrency7 hours ago
Dorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?
-
CryptoCurrency7 hours ago
SEC asks court for four months to produce documents for Coinbase
-
Sport7 hours ago
UFC Edmonton fight card revealed, including Brandon Moreno vs. Amir Albazi headliner
-
CryptoCurrency6 hours ago
Ethereum is a 'contrarian bet' into 2025, says Bitwise exec
-
Science & Environment10 hours ago
How one theory ties together everything we know about the universe
-
CryptoCurrency7 hours ago
SEC settles with Rari Capital over DeFi pools, unregistered broker activity
-
News5 hours ago
Brian Tyree Henry on voicing young Megatron, his love for villain roles
-
Science & Environment21 hours ago
Quantum time travel: The experiment to ‘send a particle into the past’
-
Science & Environment7 hours ago
We may have spotted a parallel universe going backwards in time
-
CryptoCurrency7 hours ago
2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
-
CryptoCurrency7 hours ago
Arthur Hayes’ ‘sub $50K’ Bitcoin call, Mt. Gox CEO’s new exchange, and more: Hodler’s Digest, Sept. 1 – 7
-
CryptoCurrency7 hours ago
Treason in Taiwan paid in Tether, East’s crypto exchange resurgence: Asia Express
-
CryptoCurrency7 hours ago
Leaked Chainalysis video suggests Monero transactions may be traceable
-
CryptoCurrency7 hours ago
Journeys: Robby Yung on Animoca’s Web3 investments, TON and the Mocaverse
-
CryptoCurrency7 hours ago
Louisiana takes first crypto payment over Bitcoin Lightning
-
CryptoCurrency7 hours ago
Crypto whales like Humpy are gaming DAO votes — but there are solutions
-
CryptoCurrency7 hours ago
Five crypto market predictions that haven’t come true — yet
-
CryptoCurrency7 hours ago
$12.1M fraud suspect with ‘new face’ arrested, crypto scam boiler rooms busted: Asia Express
-
CryptoCurrency7 hours ago
‘Everything feels like it’s going to shit’: Peter McCormack reveals new podcast
-
Science & Environment10 hours ago
Future of fusion: How the UK’s JET reactor paved the way for ITER
-
CryptoCurrency7 hours ago
SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams
-
CryptoCurrency7 hours ago
Fed rate cut may be politically motivated, will increase inflation: Arthur Hayes
-
CryptoCurrency7 hours ago
Binance CEO says task force is working ‘across the clock’ to free exec in Nigeria
-
CryptoCurrency7 hours ago
Bitcoin price hits $62.6K as Fed 'crisis' move sparks US stocks warning
-
CryptoCurrency7 hours ago
CZ and Binance face new lawsuit, RFK Jr suspends campaign, and more: Hodler’s Digest Aug. 18 – 24
-
CryptoCurrency7 hours ago
Cardano founder to meet Argentina president Javier Milei
-
CryptoCurrency7 hours ago
CertiK Ventures discloses $45M investment plan to boost Web3
-
CryptoCurrency7 hours ago
Memecoins not the ‘right move’ for celebs, but DApps might be — Skale Labs CMO
-
CryptoCurrency7 hours ago
Bitcoin bull rally far from over, MetaMask partners with Mastercard, and more: Hodler’s Digest Aug 11 – 17
-
CryptoCurrency7 hours ago
Telegram bot Banana Gun’s users drained of over $1.9M
-
CryptoCurrency7 hours ago
Low users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express
-
CryptoCurrency7 hours ago
Blockdaemon mulls 2026 IPO: Report
-
News5 hours ago
“Beast Games” contestants sue MrBeast’s production company over “chronic mistreatment”
-
News5 hours ago
Sean “Diddy” Combs denied bail again in federal sex trafficking case in New York
-
News5 hours ago
Brian Tyree Henry on his love for playing villains ahead of “Transformers One” release
-
Technology3 days ago
YouTube restricts teenager access to fitness videos
-
News9 hours ago
Church same-sex split affecting bishop appointments
-
Politics2 days ago
Trump says he will meet with Indian Prime Minister Narendra Modi next week
-
Science & Environment10 hours ago
‘Running of the bulls’ festival crowds move like charged particles
-
Politics21 hours ago
What is the House of Lords, how does it work and how is it changing?
-
MMA7 hours ago
UFC’s Cory Sandhagen says Deiveson Figueiredo turned down fight offer
-
MMA7 hours ago
Diego Lopes declines Movsar Evloev’s request to step in at UFC 307
-
Football7 hours ago
Niamh Charles: Chelsea defender has successful shoulder surgery
-
Football7 hours ago
Slot's midfield tweak key to Liverpool victory in Milan
-
Fashion Models6 hours ago
Miranda Kerr nude
-
Politics6 hours ago
Labour MP urges UK government to nationalise Grangemouth refinery
-
News4 days ago
India Now Moves from Deliberations to Deliverables on Crimes Against Women
-
Science & Environment16 hours ago
Quantum forces used to automatically assemble tiny device
-
Science & Environment10 hours ago
Rethinking space and time could let us do away with dark matter
-
Entertainment5 hours ago
“Jimmy Carter 100” concert celebrates former president’s 100th birthday
-
Science & Environment18 hours ago
Sunlight-trapping device can generate temperatures over 1000°C
-
News5 hours ago
Joe Posnanski revisits iconic football moments in new book, “Why We Love Football”
-
Health & fitness2 days ago
When Britons need GoFundMe to pay for surgery, it’s clear the NHS backlog is a political time bomb
-
Science & Environment20 hours ago
Quantum to cosmos: Why scale is vital to our understanding of reality
-
Technology3 days ago
Trump says Musk could head ‘government efficiency’ force
-
Science & Environment20 hours ago
X-ray laser fires most powerful pulse ever recorded
-
Science & Environment19 hours ago
How indefinite causality could lead us to a theory of quantum gravity
-
Science & Environment18 hours ago
Doughnut-shaped swirls of laser light can be used to transmit images
-
Science & Environment17 hours ago
Why we are finally within reach of a room-temperature superconductor
-
Science & Environment16 hours ago
Black holes scramble information – but may not be the best at it
-
Science & Environment16 hours ago
The galactic anomalies hinting dark matter is weirder than we thought
-
CryptoCurrency7 hours ago
Telegram CEO cannot leave France, OpenSea receives Wells notice, and more: Hodler’s Digest, Aug. 25 – 31
-
CryptoCurrency7 hours ago
Solana unveils new Seeker device, says it’s not just a ‘memecoin phone’
-
CryptoCurrency7 hours ago
Crypto scammers orchestrate massive hack on X but barely made $8K
-
CryptoCurrency7 hours ago
Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky
-
CryptoCurrency7 hours ago
Real-world asset tokenization is the crypto killer app — Polygon exec
-
Science & Environment10 hours ago
‘Sound laser’ is the most powerful ever made
-
Science & Environment10 hours ago
Jupiter’s stormy surface replicated in lab
-
Politics10 hours ago
Owen Paterson loses ECHR appeal against report that preceded downfall | Owen Paterson
-
CryptoCurrency7 hours ago
DuckDuckGo ranks Etherscan phishing websites in top results
-
CryptoCurrency7 hours ago
VonMises bought 60 CryptoPunks in a month before the price spiked: NFT Collector
-
CryptoCurrency7 hours ago
Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?
-
CryptoCurrency7 hours ago
Ethereum falls to new 42-month low vs. Bitcoin — Bottom or more pain ahead?
-
CryptoCurrency7 hours ago
ETH falls 6% amid Trump assassination attempt, looming rate cuts, ‘FUD’ wave
-
Business7 hours ago
Thames Water seeks extension on debt terms to avoid renationalisation
-
Business6 hours ago
How Labour donor’s largesse tarnished government’s squeaky clean image
-
Business6 hours ago
UK hospitals with potentially dangerous concrete to be redeveloped
-
Business5 hours ago
Axel Springer top team close to making eight times their money in KKR deal
-
News5 hours ago
Sean “Diddy” Combs denied bail again in federal sex trafficking case
-
News5 hours ago
Brian Tyree Henry on voicing young Megatron, his love for villain roles
-
Politics5 hours ago
Why is Sue Gray at the centre of a new political storm? | Sue Gray
-
News3 hours ago
Woman sues Florida sheriff after mistaken arrest lands her in jail on Christmas
-
News4 hours ago
Global Tensions and Press Freedom
-
News9 hours ago
Police chief says Daniel Greenwood 'used rank to pursue junior officer'
-
Technology2 days ago
Is carbon capture an efficient way to tackle CO2?
-
Science & Environment10 hours ago
Physicists have worked out how to melt any material
-
Politics22 hours ago
Keir Starmer facing flashpoints with the trade unions
-
CryptoCurrency2 days ago
Bitcoin reclaims $60K and ‘this time is different,’ says analyst
-
Science & Environment1 day ago
Who owns the Moon? A new space race means it could be up for grabs
-
Health & fitness2 days ago
Why you should take a cheat day from your diet, and how many calories to eat
-
Fashion9 hours ago
Women 's Fashion Trends 2022 Ft. Nikita Jain | #Shorts – Myntra
-
Technology8 hours ago
Fivetran targets data security by adding Hybrid Deployment
You must be logged in to post a comment Login