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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Feb- 2023 -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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Sep- 2022 -30 SeptemberHigh Street
JD Sports and Nike announce connected partnership
JD Sports has announced that it has been selected as Nike’s first European retail partner for its connected partnership, designed to “enhance the shopping experience of customers through access to an additional range of Nike member-exclusive products and experiences”. Nike’s connected partnership offers JD’s customers, starting in the UK, access…
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22 SeptemberClothing & Shoes
JD remains ‘cautious’ on trading as H1 profits slip
JD Sports has reported its pre-tax profits and exceptional items dropped 12% year-on-year in the 26 weeks ended 30 July 2022 (H1 FY22) from £439.5m to £383.5m, following macroeconomic uncertainty, inflationary pressures and the potential for further disruption to the supply chain. The group said it remains cautious about trading…
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21 SeptemberClothing & Shoes
JD Sports chair agrees £5.5m exit deal
JD Sports has reached an agreement with former chairman Peter Cowgill, which will see him receive £5.5m in an exit deal that will put him in a consultant position for the group following his departure last May. The arrangements include a binding set of covenants for a two-year period, replacing…
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