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- 2024 -18 NovemberSport & Leisure
Go Outdoors swings to pre-tax loss of £1.5m
JD Sports-owned brand Go Outdoors has reported a pre-tax loss of £1.5m for the 53 week period ended 3 February 2024. The group attributed its pre-tax loss to a disproportionate increase in costs compared with the previous period due to increased staffing and distribution costs, reflecting national wage changes and…
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1 NovemberNews-In-Brief
Today’s news in brief-1/11/24
Boohoo has appointed Debenhams CEO Dan Finley as its new chief executive, rejecting calls from Frasers Group owner Mike Ashley to assume the role. Finley, who has led Debenhams for two years and previously spent a decade at JD Sports, is praised by Boohoo’s board for his digital retail expertise…
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1 NovemberClothing & Shoes
Boohoo snubs Ashley in favour of Debenhams CEO
Boohoo has announced the appointment of Debenhams CEO Dan Finley as its new CEO. The retailer has chosen to ignore the demands of Frasers Group owner Mike Ashley who demanded to be given the role. Finley, who has been with Debenhams for two years, will take up the role with…
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Oct- 2024 -2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 OctoberHigh Street
JD Sports profits drop 64.3% in H1 despite record sales of £5bn
JD Sports has reported that its profit before tax fell by 64.3% to £126m during the 26 weeks to 3 August, despite revenues rising 5.2% to a record £5bn in the period. The group’s rise in revenues was partially bolstered by £61m from 10 days of trading from Hibbett, following…
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Sep- 2024 -16 SeptemberNews
Today’s news in brief-16/9/24
The New West End Company (NWEC) has reported that the removal of tax-free shopping cost West End retailers £220m in unrealised sales during the first half of 2024. Despite a 3% increase in international tourists visiting London, their spending decreased by 12%. NWEC urges the government to reinstate the tax…
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16 SeptemberPeople Moves
JD Sports appoints Prama Bhatt as NED
JD Sports Fashion, global retailer of sports, fashion and outdoor brands, has announced that Prama Bhatt will join its board as a non-executive director (NED), with effect from 23 September 2024. Bhatt is set to also join the Nominations Committee and the Remuneration Committee and she will also join the…
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10 SeptemberNews
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry, citing poor performance relative to other luxury retailers and doubts about its ability to maintain premium status due to pricing and strategic issues. CEO Jonathan Akeroyd was replaced by Joshua…
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10 SeptemberSport & Leisure
JD Sports to close Derby warehouse with almost 200 jobs lost
JD Sports has made the decision to close its distribution centre in Derby, meaning almost 200 jobs could be lost, according to reports first revealed by the BBC.The outlet said staff at Derby Commercial Park were informed of the decision on Friday (6 September) following a six-week consultation period. It…
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Aug- 2024 -22 AugustClothing & Shoes
JD Sports sales rise 2.4% in Q2 amid global expansion
JD Sports has welcomed a strong second quarter of trading, with like-for-like sales up by 2.4%, as organic sales grew by 8.3%. The quarter-on-quarter trading improvement was largely driven by the strength of its multi-brand operating model, according to the group, as well as softer comparatives with the previous year. Regionally,…
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