Frasers Group to report on consumer demand ahead of Christmas shopping season

Frasers Group will report its performance on December 5, focusing on consumer demand during the key Christmas shopping period. The company, which owns brands like Sports Direct and Flannels, faces pressure from budget constraints and potential demotion from the FTSE 100. The group is involved in a dispute with Boohoo, where Mike Ashley seeks to become CEO amid declining sales. Frasers also attempted to acquire handbag maker Mulberry but abandoned the deal after resistance from its majority shareholder. Recent sales challenges have led to a drop in Frasers' shares, which have fallen over 10% in six months. This decline raises concerns about its position in the FTSE 100, with a decision on index changes expected next week.