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JD Sports' first-half profit falls as weak US weighs

JD Sports Fashion has reported a 13.5% fall in first-half profit, hit by weakness in its key US market, and while it stuck to its full-year guidance, the sportswear retailer flagged ongoing caution over the trading backdrop.

Business • 24 Sep

JD Sports underlying sales fall in Q2 on weak UK

JD Sports Fashion reported a deeper decline in underlying sales for its second quarter, reflecting weakness in the UK, though there were signs of stabilisation in its key US market after a sharp decline in the previous quarter.

Business • 27 Aug

Shares in JD plunged 12% in early deals in London to a near five-year low today

JD Sports warns on profit in 'challenging' market

Sportswear retailer JD Sports Fashion has downgraded its profit forecast after weaker trading in Britain and the US and promotional activity at competitors hurt sales, and it warned the outlook was "cautious".

Business • 14 Jan

JD Sports said volatile trading last month dragged underlying sales down by 0.3% in its third quarter to November 2

JD Sports says discounting to weigh on full year profits

British sportswear retailer JD Sports Fashion has warned today that annual profit would come in at the lower end of its guided range after a tough October of discounting, mild weather and consumer caution, sending its shares down 9%.

Business • 21 Nov 24

JD Sports Fashion said it was on track to meet its annual guidance

JD Sports on track to meet annual guidance

British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its sales, struggles.

Business • 02 Oct 24

Shares in JD Sports have slumped 23% this yea

JD Sports reports quarterly sales rise in volatile market

British sportswear retailer JD Sports Fashion has reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year with the overall market remaining volatile.

Business • 22 Aug 24

JD Sports Fashion wants to buy US athletic-fashion retailer Hibbett for over $1 billion

JD Sports to buy US rival Hibbett for $1.08 billion

JD Sports Fashion has proposed a deal to buy American athletic fashion retailer Hibbett for about $1.08 billion, the companies said today, as Britain's biggest sportswear retailer looks to expand across the southeastern US.

Business • 23 Apr 24

JD Sports Fashion is being hurt by a slowdown in consumer spending and tepid demand for apparel amid mild weather conditions

JD Sports lowers annual profit outlook on weak demand

Sportswear retailer JD Sports Fashion has today lowered its full-year profit forecast, citing higher costs and subdued consumer spending that hurt peak season demand.

Business • 04 Jan 24

JD said it was on track to post annual pretax profit of £1.04 billion, up 5% on last year

JD Sports says on track to meet profit forecasts

Sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike, Adidas and other branded footwear and apparel pushed underlying sales up 12% despite the pressure on consumers from rising bills.

Business • 21 Sep 23

JD said today it would buy the 49.98% of shares in Iberian Sports Retail Group (ISRG) currently held by Balaiko Firaja Invest and Sonae Holdings

JD Sports to pay €500m for control of Iberian business

Sportswear retailer JD Sports Fashion said today it will pay £500.1m to buy out the minority investors in its Iberian business as it progresses an ambitious expansion plan.

Business • 07 Jul 23

The 10-year JD SPorts deal will focus on locations in the United Arab Emirates, Saudi Arabia, Kuwait and Egypt

JD Sports enters Middle East with GMG franchise deal

Sportswear retailer JD Sports Fashion will open about 50 stores in the Middle East after agreeing its first ever franchise deal with Dubai-based GMG, it said today.

Business • 03 Jul 23

JD Sports noted that competitors in North America were seeing a similar slowing trend

JD Sports says still on track despite American slowdown

JD Sports Fashion stuck to guidance for full-year profit on sales growth which moderated to about 8% in May, in line with its expectations.

Business • 27 Jun 23

JD Sports reported profit before tax and exceptional items for the year to January 28 of £991.4m - a record result that was ahead of guidance

JD Sports' profit to top £1 billion this year

JD Sports Fashion said today it expected profit to exceed £1 billion for the first time this year as its offer of trainers, joggers and hoodies continues to chime with young shoppers.

Business • 17 May 23

JD Sports said it would pay €325m for France's Courir, funded through existing cash resources, and take on debt of €195m

JD Sports plans to buy France's Courir in €520m deal

JD Sports Fashion has proposed buying France's Groupe Courir for an enterprise value of €520m, in what would be the British sportswear group's first acquisition since setting out ambitious expansion plans in February.

Business • 09 May 23

The sports retailer increased revenues as the number of outlets in Ireland rose from 19 to 22.

Higher costs reduce profits at JD Sports' Irish arm

Pre-tax profits at the main Irish unit of sports retailer JD Sports last year declined by 21% to €18.76m.

Business • 10 Mar 23

JD Sports said the affected data was 'limited', as it does not hold full payment card data and did not believe account passwords were accessed

JD Sports says customer data accessed by cyber attack

Sports and fashion retailer JD Sports Fashion has been the victim of a cyber attack which saw customer data relating to historical online orders compromised, it said today.

Business • 30 Jan 23

JD Sports Fashion said its pretax profit fell to £298.3m for the six months ended July 30, compared with £364.6m a year ago

JD Sports cautious on trading after H1 profit fall

Sportswear retailer JD Sports Fashion has today reported lower profit for the first half and said it would remain cautious about trading through the rest of the year as sky-high inflation crimps consumer spending.

Business • 22 Sep 22

JD Sports had laid out plans to overhaul its corporate governance structure and internal controls in June

JD Sports names former B&Q executive Schultz as CEO

Sportswear retailer JD Sports Fashion said today that French businessman and former B&Q executive Regis Schultz would become its chief executive officer, filling the top position after eight years.

Business • 02 Aug 22

JD Sports' profit before tax rose to £654.7m for the year ended January 29 from £324m a year ago

JD Sports lays out plan to improve corporate governance

British retailer JD Sports Fashion has today laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.

Business • 22 Jun 22

JD Sports said it now expects headline profit before tax and exceptional items for the year ended January 29 to be about £940m

JD Sports lifts profit estimates as sales rise

JD Sports Fashion has today raised its annual profit outlook for 2022 as people spent more on athleisure and sportswear, and pointed to upbeat sales data so far this year.

Business • 12 May 22

JD Sports benefitted from robust demand during the Black Friday and Christmas period

JD Sports upbeat on profit as consumers spend more

JD Sports Fashion has today raised its annual profit forecast ahead of market expectations, benefiting from robust holiday demand and as US consumers spent more on clothes.

Business • 12 Jan 22

JD Sports' earnings before tax and exceptionals soared to £439.5m for the six months to July from £61.9m in 2020

JD Sports first-half profit jumps on strong demand

JD Sports Fashion has today reported record earnings for the first half on robust demand for runners and sportswear as lockdowns ease.

Business • 14 Sep 21

JD Sports Fashion said last month it was targeting further acquisitions after raising £464m in an equity issue

JD Sports enters eastern Europe with MIG deal

Sportswear retailer JD Sports Fashion has entered markets in central and eastern Europe by agreeing to buy 60% of Poland's Marketing Investment Group (MIG), it said today.

Business • 12 Mar 21

JD Sports said that 58.4 million new shares were placed at 795 pence per share - representing about 6% of its share capital

JD Sports boosts war chest with £464m share issue

Sportswear retailer JD Sports Fashion is targeting further acquisitions after raising £464m through a placing of new shares, it said today.

Business • 04 Feb 21

Today's deal is JD's second one in the US in less than two months after it bought Shoe Palace in December

JD Sports to buy US-based DTLR Villa for $495m

JD Sports Fashion said today it would buy Baltimore-based DTLR Villa for $495m as Britain's biggest sportswear retailer further expands its presence in the US market.

Business • 01 Feb 21