JD Sports
This coverage tracks JD Sports’ activities and performance within the UK retail sector, including store openings, acquisitions, financial results, leadership changes, and marketing initiatives. Reporting focuses on the company’s strategic decisions, market positioning, and impact on the sportswear and footwear landscape, offering insights for retail managers and executives monitoring competitive trends and growth strategies.
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Mar- 2023 -3 MarchHigh Street
WH Smith hit by cyber security attack
WH Smith has been hit by a large cyber security incident which has resulted in company data, including current and former employee data, being hacked by attackers. The group said the attack had no impact on its trading activities, and that its website, customer accounts and customer databases were unaffected…
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1 MarchClothing & Shoes
Frasers seeks discounts from suppliers amid JD acquisitions
Frasers Group is reportedly seeking discounts on outstanding payments and spring/summer orders from its suppliers, Drapers has reported. According to reports, it is asking the suppliers of its recently acquired brands for a 10% discount off outstanding payments and a 20% discount off ordered goods for the spring/summer 2023 season.…
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Feb- 2023 -8 FebruaryClothing & Shoes
Frasers completes acquisition of five JD Sports fashion brands
Frasers Group has revealed it has completed the acquisition of five premium fashion brands from JD Sports as part of a deal announced in December of last year. The £47.5m deal with its rival already saw Frasers agree to acquire a total of 15 fashion brands, with eight already having…
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3 FebruaryComment
After a tough golden quarter, can Asos reclaim its crown?
The most recent golden quarter came as something of a pleasant surprise to the market. Across the retail sector, companies rejoiced as sales bounced back in the first Christmas period that was not disrupted by virus variants. Of course, the period was not without its tribulations. Businesses were still hit…
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3 FebruaryClothing & Shoes
JD to open up to 350 stores per year under new growth plan
JD Sports has announced it is planning to open 250 to 350 new stores per year in underpenetrated markets under a new growth strategy for the group. The group said it has a capex of £500m to £600m per annum with 50% to 60% of spend focused on the store…
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Jan- 2023 -11 JanuaryClothing & Shoes
JD Sports ups guidance amid strong Christmas trading
JD Sports has raised its full-year guidance after a “particularly impressive” business performance over the Christmas period, both in stores and online, as retail revenue over the period grew 20%. As a result, JD now expects its profit before tax and exceptional items for the year ending 28 January 2023…
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Dec- 2022 -23 DecemberProperty
Frasers acquires former Debenhams flagship in Dublin
Frasers group has announced that it has bought a former Debenhams flagship store on Henry Street in Dublin. The 200,000 sq. ft store is currently occupied by Zara but will become a flagship Sports Direct store. The group stated that its commitment to physical retail is “unmatched” as it continues…
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19 DecemberClothing & Shoes
Frasers acquires JD Sports’ premium fashion businesses
Frasers Group has announced the acquisition of JD Sports’ premium fashion offering in a deal worth up to £47.5m. The deal will see it acquire its rival interests in 15 fashion brands including Base Childrenswear, Choice, Clothingsites (including Brown Bag Clothing), Cricket, Giulio, Kids Cavern, Missy Empire, Nicholas Deakins, Pretty…
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Oct- 2022 -17 OctoberClothing & Shoes
JD Sports increases stake in Deporvillage to 98%
JD Sports has announced the acquisition of an additional 18% holdings in the shares in sports equipment retailer, Deporvillage SL, for €19.8m (£17.1m). The sale was conducted by Iberian Sports Retail Group, JD’s Spanish holding company, from Xavier Pladellorens and Àngel Corcuera (co-founders). Following the transaction, ISRG now owns…
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13 OctoberPeople Moves
JD Sports CFO to step down next year
JD Sports has announced that Neil Greenhalgh will step down from his role as chief financial officer (CFO) next year. The Nominations Committee, led by Andy Higginson, will now begin a process to recruit his successor. According to the group, Greenhalgh is committed to assist in this process to help…
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