
The boss of high-flying JD Sports said that success at the company in recent months has been driven by the desire of younger consumers to get back to socialising.
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The boss of high-flying JD Sports said that success at the company in recent months has been driven by the desire of younger consumers to get back to socialising.
JD Sports Fashion continued to progress globally last year and despite the damage the pandemic has caused, it remained optimistic for its future prospects as it delivered its full-year results.
Surfing-inspired fashion brand Animal is being shut down by its parent company H Young, the latest failure due to a combination of the overall weak UK retail sector and the coronavirus crisis.
JD Sports is planning to expand the Go Outdoors retail brand that it bought from its previous private equity owners last year and has signed up for a major distribution centre as well as reporting higher sales.
JD Sports confounded the sceptics in H1 with sales and profits powering ahead, despite nervousness over intense competiton and fewer major launches. And the company is expanding fast abroad as well as in the UK.
UK sports footwear and apparel retail giant JD Sports said Thursday that its acquisition of retailer Go Outdoors has been given unconditional approval by the Competition and Markets Authority (CMA).
In sports, it’s all about winning and JD Sports Fashion certainly won the sales/profits race last year. It prospered on the athleisure trend, on digital growth and investment to ensure brands want it to sell their goods.
Sports apparel and accessories giant JD Sports Fashion on Sunday acquired 100% of the issued share capital of Go Outdoors Topco for £112.3m plus the assumption of around £16m in debt.
British retailer JD Sports posted a 22 percent rise in full-year profit as demand for branded trainers in the UK and Europe helped sales soar.
British retailer JD Sports Fashion expects to post full-year results towards the upper end of market expectations after strong demand at its core sports division helped it to achieve record first-half trading.