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JD Sports

In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

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JD Sports has seen a record increase in its profit before tax, which was at 26% in the 53 weeks to 3 February 2018.

This amounted to £244.8m, falling short of the company’s projected target of £300m.

Profit before tax was up 24% to £294.5m, whereas operating profit before exceptional items was up 25% compared with 2017 to £308.8m.

Like-for-like sales saw an increase of 3% and online sales grew by 30%.

Peter Cowgill, JD Sports executive chairman, said: “This is an excellent result demonstrating our capacity for continuing growth in both existing and new markets, and the strength of our offer in store and online.

“This sustained growth could not have been achieved without a relentless and ongoing focus on a number of key principles which ensure we remain the undisputed consumer destination of choice for sport lifestyle footwear and apparel.”

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