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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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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1 OctoberHigh Street
JD Sports responds to CMA amid Footasylum probe extension
JD Sports has said it “strongly disagrees” with the Competition and Market Authority (CMA) that its proposed £90m takeover of Footasylum would be “bad for customers”, as it now faces a full-scale investigation into the deal. Following the CMA’s Phase 1 decision of 19 September 2019, JD said it has…
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Sep- 2019 -19 SeptemberHigh Street
CMA extends inquiry into JD Sports’ acquisition of Footasylum
The Competition and Markets Authority (CMA) has extended its inquiry into JD Sports’ acquisition of Footasylum, with the regulator warning it could lead to a “worse deal for customers”. The CMA report noted concerns that the loss of competition brought about by the merger could result in “higher prices, worse…
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18 SeptemberHigh Street
Sports Direct to ‘ignore’ deadline in hunt for new auditor
Sports Direct is still searching for a new auditor, amid reports that it could be forced to consult the government for guidance. The retail brand’s auditor Grant Thornton officially resigned after nine years, at the company’s AGM last week (11 September) following a £605m tax bill from Belgian authorities. Shareholder…
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10 SeptemberHigh Street
JD Sports revenues jump 47% in wake of Finish Line acquisition
Sports fashion retailer JD Sports has reported a 47% increase in revenue to £2.7m for the 26 week period ending 3 August 2019. The increase in revenue was attributed to a £725.2m contribution from Finish Line, which the retailer acquired in a £396m deal last year, and its JD stores…
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Aug- 2019 -19 AugustHigh Street
Over 600 JD employees to protest against break reductions
Over 600 employees at footwear retailer JD Sports have signed up to a grievance against the company’s proposals to reduce the number of breaks in 12 hours shifts at its distribution centre in Rochdale. The number of breaks during a typical 12-hour night shift has reduced from three to two,…
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7 AugustComment
Buy Now, Pay Later: Here to stay?
The idea of Buy Now, Pay Later has always been around in the retail market, with companies such as Layaway operating with US supermarket giant Walmart for decades. Yet with the rise in popularity of the electronic credit card halting the growth of this form of payment option in the…
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Jul- 2019 -25 JulyClothing & Shoes
CMA launches probe of JD Sports’ acquisition of Footasylum
The Competition and Markets Authority (CMA) has begun its inquiry into JD Sports’ acquisition of footwear retailer, Footasylum. Phase 1 of the inquiry, will look to determine if the takeover could result in “a substantial lessening of competition in any market”. The CMA also said it has “reasonable grounds” for…
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