JD Sports news and archive

JD Sports fashion annual profit down, but revenue increases

JD Sports Fashion PLC (JD.L), a retailer of sports, fashion and outdoor brands, Wednesday reported profit before tax of 715 million pounds for the full year, lower than 811 million pounds in the previous year. Excluding one-time items, adjusted profit before tax decreased to 923 million pounds from 966 million pounds last year. Operating profit...

Business

JD Sports posts steady Q4, announces medium-term growth strategy

Sports fashion retailer JD Sports has provided its fourth-quarter trading update and initial outlook for the new financial year, highlighting a resilient performance in a challenging market. The Group reported LFL revenue growth of 0.3 percent and organic revenue growth of 5.8 percent for FY25, with adjusted pre-tax profit landing within the...

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JD Sports lowers profit forecast in "volatile" market

In a pre-close trading update, sportswear retailer JD Sports said that like-for-like (LFL) revenue across November and December was down 1.5 percent, in a challenging and volatile market that saw increased promotional activity. The company now expects profit before tax and adjusting items to be between 915 million pounds and 935 million pounds...

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JD Sports acquires Courir for 520 million euros

JD Sports Fashion has announced the completion of its acquisition of French sneakers player Courir. The company said in a release that the acquisition price is 520 million euros, paid through a combination of existing cash and a drawdown on the company’s revolving credit facility. In the year to December 31, 2023, Courir reported revenue of...

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Fashion

Watch: From hero gnomes to stylish goats, all the festive fashion films to know for 2024

It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...

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Business

JD Sports expects full year profit at lower end of guidance

JD Sports Fashion in its third quarter trading update said given the volatile trading environment, and following October trading, it now expects pre-tax profit to be at the lower end of original guidance range of 955 pounds to 1,035 million pounds. The company said that the more volatile environment was reflected in like-for-like (LFL) sales for...

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Courir sells several stores to Snipes due to JD Sports takeover under EU conditions

The European Commission has approved, subject to conditions, the takeover of French Courir by British sportswear company JD Sports. To address the Commission's competition concerns, the merged company has offered to sell "all Courir stores in Portugal and a number of stores in certain regions of France to Snipes, a direct competitor focused on...

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JD Sports increases revenue and profit in H1

JD Sports Fashion Plc reported organic sales growth of 6.4 percent with like-for-like (LFL) sales growth of 0.7 percent in the first six months. Group revenues were up 5.2 percent to 5 billion pounds and up 6.8 percent in constant currency. The company said that the trading performance in the first half was in line with expectations and its...

People

JD Sports remuneration committee chair to step down in November

Suzi Williams, non-executive director and chair of the remuneration committee of JD Sports Fashion Plc has decided to step down on November 1, 2024 having completed the foundational phase of remuneration governance change for the group. Commenting on Williams’ resignation, Andy Higginson, JD Sports Fashion’s chair said in a statement: "Suzi is a...

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JD Sports appoints Prama Bhatt as non-executive director

JD Sports Fashion Plc has appointed Prama Bhatt to the board as a non-executive director, with effect from September 23, 2024. Bhatt, the company said, will join the nominations and the remuneration committees along with the board of JD's US subsidiary, Genesis Holdings Inc. Commenting on Bhatt’s appointment to the board, Andrew Higginson, chair...

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Business

JD Sports registers sales growth, maintains profit outlook

Like-for-like sales at JD Sports were up 2.4 percent and organic sales were up 8.3 percent for the second quarter, while first half LFL sales were up 0.7 percent and organic sales were up 6.4 percent. Based on the first half trading, the company is maintaining the guidance range of profit before tax and adjusting items of 955 million pounds to...

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JD Sports completes acquisition of Hibbett

British retail group JD Sports Fashion Plc on Thursday completed the takeover of the US sporting goods supplier Hibbett Inc., which was announced in April . CEO Régis Schultz once again emphasized the importance of the transaction for JD Sports. "The completion of the acquisition of Hibbett is an important strategic milestone for us in North...