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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Jan- 2024 -16 JanuaryNews
Frasers Group to launch new flagship store in Kent
Frasers Group has announced that it has signed a new long-term lease agreement for its 101,921 sq ft unit at M&G Real Estate’s Maidstone town centre retail destination. The new agreement will see Frasers Group fully refurbish its current House of Fraser unit at Fremlin Walk into a flagship store…
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4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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4 JanuarySport & Leisure
JD Sports lowers guidance after underwhelming Christmas sales
JD Sports has lowered its full year profit guidance to between £915m – £935m, down from its ambitious £1bn target after seeing lower than expected revenue growth over the festive period. The company saw a constant currency organic revenue growth of 6.0% with like-for-like growth of 1.8% for the 22…
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Nov- 2023 -21 NovemberNews
Today’s news in brief-21/11/23
AO World has reported a significant turnaround in its financials for the six months ending September 30. The company posted a profit before tax of £13m, marking a notable improvement from the previous year’s loss of £12m. AO World has adjusted its profit guidance for the fiscal year, now anticipating…
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21 NovemberClothing & Shoes
Iconix acquires streetwear brand Hoodrich
Brand management company Iconix International Inc. has acquired majority ownership of British streetwear brand, Hoodrich, in partnership with founder Jay Williams, who will retain an ownership interest. The deal, for an undisclosed sum, is based on a “shared vision” that the brand is poised to accelerate its already rapid growth…
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20 NovemberHigh Street
Go Outdoors revenues halve as operating costs bite
Go Outdoors profits almost halved from £21.5m to £13m for the year ending 28 January 2023. The retailer of outdoor clothing and equipment attributed this decline in profits to property, utility and freight costs, which “increased disproportionately” during the financial year. However, according to filings on Companies House, the performance…
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15 NovemberHealth & Beauty
Aurelius acquires The Body Shop for £207m
The Body Shop has been acquired by Aurelius Group from Natura and Co for £207m, which includes an earn-out of £90m. Aurelius will work with the management team to “drive operational excellence” across the group, leveraging its expertise and experience in the omni-channel retail and wholesale markets. The retail group…
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8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
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8 NovemberClothing & Shoes
JD Sports faces questioning over ex-CEO’s non-compete deal
JD Sports is reportedly facing questioning over a multimillion-pound non-compete deal signed by former CEO Peter Cowgill, The Telegraph has reported. It comes amid speculation over Cowgill’s exit package with the group after he became a significant shareholder in a sports equipment maker. Under a non-compete deal signed in September…
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Oct- 2023 -30 OctoberNews
Asos considers sale of Topshop brand
British online fashion retailer Asos is considering the sale of Topshop after buying the brand less than three years ago, Sky News has reported. The online giant is understood to be at the early stages of a process which could see it offload what was once one of the most…
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