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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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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14 SeptemberPeople Moves
JD Sports confirms committee board changes
JD Sports Fashion has announced a number of significant senior appointments and the reshuffling of its committees. The group has appointed Andrew Higginson as chair of the Nominations Committee and Suzi Williams as chair of its Remuneration Committee. It has also announced the creation of a new Disclosure Committee chaired…
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8 SeptemberShopping Centres
JD Sports to open new store in Birmingham’s Bullring centre
JD Sports is set to double its presence in Bullring and Grand Central, Birmingham, as it looks to drive customer engagement through events, pop-ups and collaborations. Hammerson, a real estate investment firm, said the expansion is a “clear signal of the destination’s strength as well as a firm commitment to…
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6 SeptemberClothing & Shoes
St James Quarter adds Cos and Neom to offering
St James Quarter, the 1.7 million sq ft retail-led lifestyle district in Edinburgh, has announced it has signed deals to lease a collective 8,084 sq ft to fashion and wellness brands Cos and Neom. Cos has picked the lifestyle quarter as the location for its new Scotland store, which will…
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Aug- 2022 -10 AugustAnalysis
JD Sports and the Footasylum merger saga – what went wrong?
Following JD Sports’ acquisition of Footasylum for £91.1m in March 2019, The Competition and Markets Authority (CMA), a non-ministerial government department responsible for strengthening business competition and reducing anti-competitive activities, announced it had launched an investigation into the deal on 24 July 2019, citing that it would examine whether the…
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2 AugustNews
JD Sports names Régis Schultz as new CEO
JD Sports Fashion Plc has appointed Régis Schultz as the company’s new CEO, effective September 2022 when interim CEO Kath Smith will undertake a full handover of duties, and Smith will then resume her former role as senior independent director on the board. Schultz has a wealth of retail experience…
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1 AugustClothing & Shoes
JD Sports sells Footasylum to German investor for £37.5m
JD Sports has revealed it has agreed to sell Footasylum Limited to German investment firm Aurelius Group in a £37.5m deal. JD said that the sale of Footasylum has been “agreed in accordance with the final undertakings issued by the Competition and Markets Authority (‘CMA’) on 14 January 2022, following…
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Jul- 2022 -27 JulyPeople Moves
JD Sports eyes former B&Q executive as CEO
The Lancashire-based sportswear retailer, JD Sports, is reportedly close to finalising the appointment of Regis Schults as the company’s new chief executive officer, according to Sky News. Schults is the former executive at the DIY retailer B&Q, having held “several” senior jobs at B&Q. His credentials also include running Monoprix,…
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