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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Apr- 2024 -23 AprilNews
Today’s news in brief-23/4/24
UK’s grocery regulator is closely monitoring Tesco’s imposition of online supplier fees akin to Amazon. The Grocery Code Adjudicator initiated assurance processes after Tesco’s move to charge extra for online sales last year. Tesco claims rising online operation costs prompted the fee, starting at 12p per branded item and 5p…
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23 AprilNews
JD Sports to acquire Hibbett in £899m deal
JD Sports has today (23 April) announced the acquisition of US sports brand Hibbett for £899m. The deal represents an important strategic milestone for the retailer, accelerating its growth plans in North America and aligning with the group’s stated strategy of enhancing its presence in the US. Headquartered in Alabama,…
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Mar- 2024 -28 MarchNews
Today’s news in brief-28/3/24
AO expects to meet profit guidance, anticipating adjusted profit before tax to be at the top end of £28-£33m for the 12 months ending 31 March. Revenues are projected to reach £1.04bn, driven by positive trading in the core business through Q4 and the return of revenue growth for AO.com.…
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28 MarchSport & Leisure
JD Sports maintains guidance amid ‘challenging market’
JD Sports has reaffirmed its profit guidance of between £915m-£935m for the full year despite what it has called a “challenging market”. In Q4 its like-for-like sales were up 0.1% and organic sales were up 4.4% while FY24 LFL sales were up 4.2% and organic sales growth was 8.4%. Overall,…
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28 MarchClothing & Shoes
Quiz CEO steps down as sales dip
Quiz has revealed that founder and CEO Tarak Ramzan is stepping down from his role with immediate effect as UK sales continue to be impacted by “subdued levels of traffic” in-store and online. Ramzan, as the largest shareholder of the company, will assume a non-executive director role. Having founded the…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchClothing & Shoes
Frasers Group calls in administrators for two kids brands
Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers has reported. This comes after the group acquired the two brands from JD Sports in December 2022 in a £47.5m deal. The deal also included Tessuti, Choice, Clothingsites, Cricket, Giulio,…
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4 MarchPeople Moves
Footasylum chair and CEO Barry Bown to step down
Footasylum has announced that its executive chairman and CEO, Barry Bown, will be stepping down from his role to take up a consultancy role at the fashion streetwear retailer’s owner, Aurelius Group. Bown first joined Footasylum in 2018, having spent over 30 years at JD Sports, 14 years of which…
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Feb- 2024 -29 FebruaryDepartment Stores
Frasers Group CMO exits amid marketing team restructure
Frasers Group chief marketing officer Beckie Stanion has left her post amid a restructure of the company’s marketing team, leaving 20 jobs at risk, according to Drapers. The company stated this move aims to “improve operational efficiency and delivery across all areas of marketing functions” and the business has launched…
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15 FebruaryShopping Centres
Clacton Shopping Village marks ‘record-breaking’ 2023 trading
Clacton Shopping Village in Essex has experienced a “record-breaking” 2023 after welcoming a new high of 1.6 million shoppers and sales of £21m for the first time. The shopping destination, which celebrates its 25th anniversary this year, saw a record £630k taken in the week leading up to Christmas when…
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