JD Sports news and archive

JD Sports expects profit to cross one billion pounds in 2023

JD Sports Fashion in a preliminary results statement said that total revenue increased to 10.125 billion pounds, up 12 percent on the prior year. The company added that trading to date in the current financial period saw growth in organic sales at constant exchange rates of more than 15 percent after 13 weeks. "We expect that the group's...

BusinessFeatured

JD Sports proposes acquisition of France’s Courir, simplifies European shareholdings

JD Sports Fashion has announced its intention to take acquisitive steps towards French sportswear company Courir as it looks to fulfil growth ambitions it had previously outlined in February. The group said that it had entered into “exclusive negotiations” with the owner of Groupe Courir with regards to a potential future acquisition of 100...

Business

JD Sports makes two non-exec director appointments

JD Sports Fashion has announced the appointment of Angela Luger and Darren Shapland as non-executive directors, effective from June 1. Luger will be joining the group’s remuneration committee, bringing experience in digital commerce, digital transformation and marketing to the board. Next to JD, Luger also serves as a non-executive director for...

People

JD Sports appoints first global managing director

JD Sports has appointed Michael Armstrong to the newly created role of global managing director. A JD veteran, Armstrong joined the retailer in 1995 as a sales assistant in the company’s Glasgow store, before working his way up the ranks, serving in a number of senior roles before being appointed to his most recent position as group buying...

Business

Goi Goi founders reacquire retailer from JD Sports

The founders of streetwear brand Goi Goi are the latest to retake their business from JD Sports Fashion after the conglomerate put a percentage of its portfolio up for sale. Goi Goi was founded in 1987 by Anthony and Christopher Donnelly and was initially acquired by JD back in 2013 when it fell into administration. According to Drapers, the...

Business

JD Sports taps former Asos chairman for non-exec role

JD Sports has announced that Ian Dyson will be joining the company as a non-executive director, effective from March 9. As part of his appointment, Dyson will join the Audit and Risk Committee and the Remuneration Committee. He currently serves as chair of the board at tech retailer Currys, and had previously served as chairman and, before that,...

Business

Frasers Group completes acquisition of five JD Sports brands

British fashion giant Frasers Group has completed its acquisition of five brands from rival JD Sports. The group, whose fast-growing portfolio includes Sports Direct, House of Fraser, and Jack Wills, announced in December it had reached an agreement to buy 15 brands from JD in a deal worth 47.5 million pounds. On Wednesday, Frasers Group...

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JD Sports announces plan to open 250 to 350 new stores a year

JD Sports Fashion Plc has announced a range of key objectives the group will be looking towards over the next five years, including a significant retail expansion plan and new financial growth goals. The plan was unveiled as part of the company’s Capital Markets Event today, during which CEO Régis Schultz will provide information to analysts and...

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JD Sports facing cyber attack, confirms customer data may have leaked

Retail giant JD Sports has confirmed it has been the target of a cyber attack which has resulted in the unauthorised access to a system containing customer data. The group noted that the information accessed related to online orders placed between November 2017 and October 2020, however added that the affected data was limited. The incident has...

BusinessFeatured

Frasers Group acquires JD Sports’ premium fashion brands

Mike Ashley’s Frasers Group has announced the acquisition of a number of premium fashion brands that JD Sports Fashion has stakes in. The company has snapped up 15 of the group’s retailers via shares held by JD, with all of the indebtedness to be transferred to subsidiaries of Frasers Group. Brands included in the deal are Tessuti, Base...

People

JD Sports finance chief to step down

UK sportswear giant JD Sports has announced that its chief financial officer Neil Greenhalgh is exiting the business next year. Greenhalgh first joined the company in 2004 and worked his way up the ranks to be appointed CFO in 2018. “He has been a key part of the team that has delivered tremendous growth in the business,” said chair Andy...

Retail

JD and Nike connect on membership rewards programme

JD Sports has announced a new partnership with Nike which will see the duo collaborate on a membership rewards programme designed to enhance customers’ shopping experience. JD will be the first European retailer to work with Nike for its Connected Partnership concept, an integrated loyalty programme which will offer JD customers access to select...