JD Sports news and archive

JD Sports opens first Canadian flagship store

JD Sports is venturing further into Canada with the opening of its first flagship store in the region. The British sportswear giant has selected Vancouver’s Robson Street for the launch, which continues to build on its ongoing North American growth strategy. JD already operates 33 stores across Canada, yet it has aspirations to grow this number...

Retail

JD Sports opens third US flagship store on Las Vegas Strip

British sportswear retailer JD Sports has unveiled its third US flagship store on the Las Vegas Strip, cementing its presence in a region in which it has enacted a growth and connection strategy. The 29,000 square foot flagship store houses the brand’s signature retail experience, including a curated product mix from global sportswear brands....

Retail

JD Sports opens largest store in Manchester

JD Sports Fashion is set to open its largest store to date in Manchester. Located at the city’s Trafford Centre, the store will open its doors on Saturday, the 7th of June, the sports fashion retailer announced on Friday. The store, which stretches across 41,000 square feet and more than triples its previous retail space at the location, has...

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Business

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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Business

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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Business

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...

Featured

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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Business

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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Business

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...