JD Sports Fashion news and archive

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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JD Sports Fashion delivers sales growth, maintains profit outlook

JD Sports Fashion reported unaudited full year revenue increase of 2.7 percent to 10.4 billion pounds with constant currency sales growth of 2.9 percent. Organic sales growth was 9 percent comprising 3.8 percent like-for-like sales growth and 5.2 percent sales growth from net new space. Premium sports fashion organic sales growth was 10.9...

Retail|In Pictures

JD Sports opens global flagship in Paris

Sports fashion retailer JD Sports Fashion has opened a global flagship store in the heart of Paris. Located at 118 Avenue des Champs-Élysées, the store has been designed to create an immersive shopping experience, showcasing the brand’s latest innovations in digital technology and merchandising offering the “hottest brands and latest launches”....

Business

JD Sports issues profit warning on weak consumer demand

JD Sports Fashion has reported constant currency organic revenue growth of 6 percent with like-for-like growth of 1.8 percent for the 22 weeks to December 30. Commenting on the trading update, Régis Schultz, CEO of JD Sports Fashion, said: "We have made good progress against our five-year strategic plan, delivering global organic revenue growth...

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JD Sports cautious about H2 trading but reaffirms outlook

In an interim results announcement for the first half period, JD Sports Fashion has reported a 19 percent drop in pre-tax profits to 298 million pounds. The company’s total group revenue came in at 4.4 billion pounds. Total revenue growth in organic retail businesses was up 5 percent with that level of growth continuing in the second half to...

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JD Sports profit doubles, revenues up 38 percent

Total revenue at JD Sports Fashion Plc for the year increased by 38.8 percent to 8,563 million pounds significantly influenced by the impact of the recent acquisitions. The company said in a release that total gross margin for the year increased to 49.1 percent and pre-tax profit doubled to 947.2 million pounds. The company plans to propose an...

Business

JD Sports reveals strong outlook

JD Sports Fashion Plc said in a statement that despite the temporary closure of stores in a number of countries at various times in the year, total revenue for the group increased by approximately 1 percent in the year to 6,167.3 million pounds. Total gross margin in the year of 48 percent was slightly ahead of the prior year, while pre-tax...

Business

JD Sports to buy American footwear player DTLR Villa

JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of 100 percent of DTLR Villa LLC, an athletic footwear and streetwear retailer based in Baltimore, Maryland. The company said in a statement that total cash consideration for the acquisition is 495 million dollars, of which approximately 100 million dollars will...

Business

JD Sports profit and revenues accelerate in the first half

Total revenue at JD Sports Fashion plc increased by 47.4 percent in the first half period to 2,721.2 million pounds (3,360.7 million dollars) including 725.2 million pounds of revenue from Finish Line and JD in the United States. The company said, like for like store sales across its global group fascias, excluding Finish Line but including the...

Retail

JD Sports expands retail footprint with 36 new stores

Ahead of its annual general meeting, JD Sports Fashion Plc said in a statement that the Group announced record results for the year ended February 3, 2018 and its board believes that the company continues to be on track to deliver a result for the full year in line with consensus market expectations. The company also opened doors to 36 new...