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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Mar- 2025 -27 MarchNews-In-Brief
Today’s news in brief-27/3/25
Next has reported record pre-tax profits of £1bn for the year to January 2025, marking a 10.1% increase, and has raised its full-year profit guidance by £20m to £1.06bn. The retailer attributed its strong performance to acquisitions like Reiss and FatFace, with total group sales rising 8.2% to £6.3bn. Online…
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27 MarchHigh Street
Campaign urges Next, M&S and JD Sports to pay real living wage
The likes of Axa and Scottish Widows are backing campaign group ShareAction in its effort to make major high street retailers such as Next, M&S and JD Sports increase their staff’s pay in line with a real living wage, The Guardian has reported. News of this initiative comes as there’s…
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Feb- 2025 -12 FebruaryPeople Moves
JD Group appoints new CEO to Outdoor business
JD Group has appointed Dominic Jordan as the new CEO of JD Outdoor as Lee Bagnall steps down from the role. Jordan joins the group from Hobbycraft, where he held the role of CEO from 2017 to 2024. Prior to that, he was retail and property director from 2012 to…
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Jan- 2025 -20 JanuaryHigh Street
Quiz eyes store closures as costs mount
Quiz is reportedly considering closing up to a third of its 60-location portfolio as a way to cut costs and stabilise the business, according to The Telegraph. It comes as Quiz is also due to delist from the London Stock Exchange’s AIM market and return to private ownership, following a…
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14 JanuaryNews-In-Brief
Today’s news in brief-14/1/25
JD Sports adjusted its profit expectations for FY24 to £915m-£935m, down from an earlier forecast of £955m-£1bn, citing challenging market conditions during the holiday season. Sales in the nine weeks to January 4 dipped 1.5%, though December saw a 1.5% rise in like-for-like sales. Organic revenue grew 3.4%, driven by…
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14 JanuaryClothing & Shoes
JD Sports lowers FY guidance after ‘challenging’ winter
JD Sports has lowered its full-year guidance after it struggled with a “challenging and volatile” market over the Christmas period. The group now expects full-year profits to be between £915m and £935m, down from previous expectations of £955m to £1bn. It comes as like-for-like sales in the nine weeks to…
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10 JanuaryNews
Silverburn shopping destination reaches ‘record-breaking’ footfall in 2024
Silverburn, Glasgow’s leading retail and leisure destination, has announced a “record-breaking year”, welcoming 15.2 million visitors in 2024, marking a 2.4% increase in foot traffic in December alone. This growth comes as Silverburn confirms the signing of several new retail and leisure brands, set to occupy over 100,000 sq. ft.…
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7 JanuaryComment
Strategic market entry: when to follow and when to challenge
The decision of how to enter a new market represents one of the most critical strategic choices a retailer can make. While conventional wisdom often suggests avoiding direct competition with established market leaders, the reality is more nuanced. Success depends on carefully analysing market conditions and choosing an approach that…
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Nov- 2024 -27 NovemberNews-In-Brief
Today’s news in brief-27/11/24
The House of Lords Built Environment Committee has urged high streets to evolve beyond retail to reverse their decline. Its report highlights over 10,000 store closures in 2023, emphasizing that the traditional dominance of retail is outdated. Instead, demand is shifting towards leisure, dining, and public services such as health…
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27 NovemberSport & Leisure
JD Sports acquires Courir in €520m deal
JD Sports has completed its acquisition of French sneaker retailer Group Courir for €520m (£433m), which will be paid through a combination of existing cash and a drawdown on the group’s revolving credit facility. The acquisition, which was first announced on 9 May 2023, follows receipt of conditional clearance from…
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