Financial Times FT.com

England defeat puts retailers on the defensive

By Tom Braithwaite

Published: November 22 2007 08:39 | Last updated: November 22 2007 11:02

Croatia’s 77th-minute winner against England helped knock almost £100m from the market value of Sports Direct on Thursday as shareholders joined football fans in ruing a hapless performance at Wembley.

VIDEO: England exit hits sports retailers

Tom Braithwaite

Tom Braithwaite on the business impact of England’s failure

The boot of Mladen Petric, who scored a late strike to lead Croatia to victory against England, also dented the prospects at Umbro.

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