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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Aug- 2023 -4 AugustClothing & Shoes
Pentland Brands to axe almost 100 roles
Pentland Brands has announced that it will cut almost 100 jobs at JD Sports, The Times has reported. This comes as the billionaire Rubin family, which owns a majority stake in the sports retailer, has hired consultants from McKinsey to advise on a new strategy for Pentland Brands, which also…
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1 AugustNews
JD Sports escapes fine over Leicester City merch deal
JD Sports has managed to avoid a fine despite having broken competition law with Leicester City FC, the Competition and Markets Authority (CMA) stated yesterday. In an official announcement, the CMA announced that a £880,000 fine has been imposed on Leicester City FC Limited, King Power International Co. Limited and…
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Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported. It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
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26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
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7 JulySport & Leisure
JD Sports to acquire remaining shares of ISRG for €500m
JD Sports has announced its intention to acquire the remaining 49.98% shares in Iberian Sports Retail Group (ISRG) that are currently held by Balaiko Firaja Invest and Sonae Holdings for a total of €500.1m (£427.1m). The acquisition will be funded from the group’s existing available cash resources, and upon completion,…
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5 JulySport & Leisure
JD Sports broke competition law with Leicester City FC, CMA finds
The Competition and Markets Authority (CMA) has found that JD Sports, together with Leicester City FC, broke competition law by “colluding” to restrict competition in the sales of Leicester City-branded clothing in the UK. After an investigation which began in September 2021, Leicester City agreed to pay a fine under…
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3 JulySport & Leisure
JD Sports signs first franchise deal with GMG
JD Sports has signed its first franchise agreement in partnership with GMG, a Dubai-headquartered well-being company operating leading brands across sports, everyday goods, health and beauty, properties, and logistics sectors. The deal will see JD expand its presence in the Middle East and under the terms of the 10-year agreement,…
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Jun- 2023 -27 JuneSport & Leisure
JD Sports on track to hit £1bn in profits this year
JD Sports has revealed that the headline profit before tax and adjusted items for the year ending 3 February 2024 will be in line with the group’s expected £1.04bn. The board said it also expects that the phasing of the profit in the current year will reflect a “normalised” trading…
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14 JunePeople Moves
BRC names new chairman
The BRC has announced the appointment of Andy Higginson as the new incoming chairman to succeed Tony De Nunzio in September this year. Higginson has over 30 years of senior executive and non-executive experience in the retail industry in the UK and internationally, covering major brands. Previously, he was CFO…
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5 JuneClothing & Shoes
Frasers Group considers cutting 200 head office jobs
Frasers Group is considering cutting up to 200 jobs at its head offices in Shirebrook and London in a bid to streamline the business. The company owned by Mike Ashley has begun a consultation period which has left 20% of its staff at these offices at risk of redundancy. The…
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