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- 2021 -14 SeptemberClothing & Shoes
JD Sports H1 profits soar to £440m
JD Sports has seen its profits before tax and exceptional items soar to £439.5m in H1 FY21, up from £61.9m in the same period of FY20 and £158.6m in FY19. The sports fashion retailer reported a 52.7% year-on-year climb in group revenues to £3.89bn in the 26-week period ended 31…
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9 SeptemberPeople Moves
JD Sports adds Bert Hoyt as non-exec director
JD Sports Fashion has announced the appointment of Bert Hoyt as a non-executive director at the group, effective 8 September 2021. Hoyt most recently acted as VP/GM at Nike EMEA until his retirement from the role in January 2021. Having joined Nike in 1998, Hoyt presided over a period of…
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9 SeptemberClothing & Shoes
JD Sports eyes Missguided takeover
JD Sports Fashion is reportedly considering an investment into Missguided which could lead to an “outright takeover” of the online fashion business, according to Sky News. It is thought to be one business amongst a “number of parties” that are in talks to take over the brand. The group’s proposal…
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2 SeptemberClothing & Shoes
CMA blocks JD Sports’ Footasylum merger deal
JD Sports could be required to sell Footasylum after its merger was recently blocked by the Competition and Markets Authority (CMA) on the grounds that it could lead to a “worse deal” for shoppers. The CMA’s latest decision to block the merger, comes after its first attempt in May 2020,…
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Aug- 2021 -9 AugustShopping Centres
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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Jul- 2021 -12 JulyOnline & Digital
Klarna acquires shopping platform Hero
Klarna has announced the acquisition of the social shopping platform Hero, introducing the platform to its 250,000 retail partners across the world. The platform is reportedly designed to provide consumers with “inspiration, advice and immediately shoppable content produced directly from retailers’ physical stores”. Klarna said the acquisition would allow in-store…
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8 JulyShopping Centres
HMV opens new site at St Johns Liverpool
St Johns Liverpool, the largest covered shopping centre in the city of Liverpool, has announced that HMV will open a new store in the site on 20 July. HMV will open on Williamson Square, joining over 100 other businesses within St Johns, such as JD Sports and Matalan. The store,…
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5 JulyClothing & Shoes
JD Sports completes DTLR Villa transfer for £364m
JD Sports has announced that it has completed the transfer of retail group, DTLR Villa, which is an existing 98.6% owned subsidiary based in the US, to Genesis Topco for a total consideration of $504.4m (£364m). The group said it had always intended for DTLR to be part of the…
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2 JulyPeople Moves
JD Sports shareholders vote out remuneration director
Shareholders at JD Sports have voted to remove the company’s remuneration director Andrew Leslie following the unpopular decision to award executive chairman Peter Cowgill a £4.3m bonus. The decision was made at the company’s AGM yesterday (1 July) after JD failed to convince enough institutional investors to vote for Leslie…
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1 JulyClothing & Shoes
JD Sports raises full-year outlook to £550m
JD Sports has increased its full-year profit outlook to “no less than” £550m, compared to £324m the previous year, after a period of solid trading since shops reopened after lockdown. In a trading update, JD Sports said business in the UK has been “particularly encouraging” following the retailer’s trading boost…
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