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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May- 2020 -5 MayPeople Moves
JD Sports blocks director appointment at Boohoo
Sportswear giant JD has reportedly blocked non-executive director Kath Smith from joining online fashion retailer Boohoo in the same role. The online fashion group announced the appointment of Smith last month, effective from 1 May. Boohoo’s group CEO Mahmud Kamani had said: “Her commercial insight will be a great asset…
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Apr- 2020 -27 AprilBusiness Bites
Lockdown to persist says Johnson, clergy weigh in on behaviour of corona-corporations
The PM is back at his desk and says the lockdown must continue for the foreseeable future, and it would be premature to consider lifting now. After having been struck down with COVID-19 himself – and ending up in intensive care – the premier has finally convalesced and spoke from…
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27 AprilHigh Street
JD Sports to delay full-year results
Sports fashion retailer JD Sports has revealed plans to delay its full-year results to 7 July 2020, as the Covid-19 pandemic continues to impact the UK. In March the Financial Conduct Authority (‘FCA’) announced a temporary relief for listed companies that are due to report financial results during the current…
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1 AprilHigh Street
JD Sports to withhold quarterly rent amid Covid-19 lockdown
Sports fashion retailer JD Sports has announced it is withholding its quarterly rent in bid to mitigate the effects of the UK lockdown. According to The Guardian, JD Sports has not paid the rent due for its 390 stores, and is reportedly in discussions with the next bill due in…
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Mar- 2020 -25 MarchSport & Leisure
Government urges Sports Direct and JD Wetherspoon to support employees
Boris Johnson has warned Sports Direct CEO Mike Ashley to “expect consequences” if he does not follow the recent guidelines amid the coronavirus outbreak. Newcastle Central MP Chi Onwurah raised the question during today’s Prime Minister’s Questions after reports that Ashley was still asking employees to still come to work…
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Feb- 2020 -11 FebruarySport & Leisure
Shoppers could ‘lose out’ in JD Footasylum merger, says CMA
The Competition and Markets Authority (CMA) has provisionally found that the proposed £90m takeover of Footasylum by sportswear rival JD Sports “could leave shoppers worse off, both in-store and online”. After its initial Phase 1 review raised potential competition concerns, the CMA’s in-depth Phase 2 investigation has provisionally found that…
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Dec- 2019 -6 DecemberClothing & Shoes
CMA issues interim order to halt JD Sports’ Footasylum acquisition
The Competition and Markets Authority (CMA) has issued an interim order against the proposed £90m takeover of Footasylum by JD Sports, halting any further talks between the two companies until the watchdog’s investigation has been completed. Following the announcement of the deal back in March, the CMA launched an investigation…
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Nov- 2019 -18 NovemberHigh Street
Mike Ashley to seek turnover rents across Sports Direct Portfolio
Sports Direct owner Mike Ashley is reportedly seeking rent agreements with landlords that will see them linked to store performance. According to the The Sunday Times, Ashley has asked landlords to turnover rent agreements that will see up to 15% of the rent paid linked to store sales. It is…
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1 NovemberHigh Street
Mike Ashley’s holding company sees profits plunge 80% in 2018
Mike Ashley’s holding company, Mash Holdings, saw pre-tax profits plunge by 80% to £20.9m in 2018, according to recently filed accounts on Companies House. The group attributed the profits decline to its performance during the 2017 financial year, when the company saw increased profits from the sales of Dunlop and…
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Oct- 2019 -30 OctoberClothing & Shoes
Sports Direct: CMA published ‘inaccurate’ market data in Footasylum probe
Sports Direct has claimed the Competition and Markets Authority (CMA) has published “inaccurate estimates” of its market share data during its investigation into of competitors JD Sports’ £90m takeover of Footasylum. In a statement published on the London Stock Exchange, Sports Direct said it had noted that during the CMA’s…
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