Sports Direct reported a 57% slump in first-half profit, capping a calamitous period in which it has come under fire for the treatment of workers and was left badly exposed by a low value pound after the Brexit vote.
MPs said on Friday that Mike Ashley, founder and majority shareholder of Sports Direct, must be held accountable for what they called "appalling" working conditions and practices at the retailer's shops and warehouse.
Sports Direct, Britain's biggest sportswear retailer, said its employees would be paid above the national minimum wage from the start of the new year, after a review of its conditions for thousands of its workers.
Britain's biggest sportswear retailer, has responded to criticism of staff practices by launching a review of its agency workers' terms and conditions which will be overseen by founder and deputy chairman Mike Ashley.
Sports Direct, Britain's biggest sporting goods retailer, raised its full-year earnings per share and profit outlook on Thursday due to lower interest charges and what it described as a prudent depreciation policy.