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- 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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May- 2019 -31 MayClothing & Shoes
JD Sports’ Peter Cowgill to receive £6m bonus
JD Sports chairman Peter Cowgill is set to receive a £6m bonus following his “exceptional performance” at the sportswear retailer. The retailer’s remuneration committee recommended the payment due to the fact that Cowgill has not received any awards under the company’s incentive plans. The committee also found that Cowgill has…
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29 MayHigh Street
WHSmith ranked worst retailer in Which? Survey
WHSmith has finished bottom of Which?’s annual UK high street shops survey rankings of more than 100 shops, while specialist retailers came out on top. The annual survey of more than 7,700 Which? members looked at the bricks-and-mortar shops offering the best in-store experiences. WHSmith finished with a customer score…
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20 MayClothing & Shoes
JD Sports’ takeover of Footasylum to be investigated by CMA
The CMA has announced it is investigating the completed acquisition by JD Sports of Footasylum. The CMA said it has “reasonable grounds” for suspecting that it may be the case that JD Sports and Footasylum have “ceased to be distinct”. It added that the merger may be expected to result…
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Apr- 2019 -25 AprilClothing & Shoes
Shareholders approve JD Sports’ £90m Footasylum takeover
JD Sports has announced its £90.1m Footasylum takeover has been given the go-ahead by shareholders, after it was voted through at a meeting on 12 April. Over 78 million Footasylum shareholders voted for the JD Sports deal, which is said to represent around 75% of the retailer’s capital. Following the…
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