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 -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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Jun- 2021 -28 JuneSport & Leisure
JD Sports snaps up Spanish online retailer
JD Sports had agreed to acquire Deporvillage, a Spanish online retailer focussing on the sale of specialist sports equipment, for €140.4m (£120.4m). The group’s 50.02% intermediate holding company in Spain, entered into a conditional agreement to acquire 80% of the issued shares in Deporvillage SL. Based in Manresa in Catalonia,…
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3 JuneClothing & Shoes
JD Sports to sell Sports Unlimited Retail for £14m
JD Sports is set to offload one of its subsidiaries for €16.5m (£14.2m), after agreeing to the sale of Sports Unlimited Retail BV (SUR) to Iberian Sports Retail Group SL (ISRG), its 50.02% subsidiary based in Spain. SUR is a wholly owned company based in the Netherlands, operating under the…
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1 JuneSport & Leisure
JD Sports denies Cowgill exit rumours
JD Sports has denied rumours that its executive chairman, Peter Cowgill, is leaving the helm of the retail group. The response follows speculation which arose over the weekend after reporters discovered a line in JD’s annual report which suggested that the group may be increasing its succession plans. On Saturday…
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