All JD Sports Fashion articles – Page 4
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News briefs
JD Sports in talks to acquire warehouse from Arcadia Group
According to Sky News, JD Sports Fashion is the front-runner in negotiations to acquire Arcadia Group’s warehouse in the English town of Daventry for around £60 to £90 million (€69m-$83m to €104m-$125m). Boohoo Group, Amazon and eBay have reportedly also expressed interest. A casualty of the pandemic lockdowns, Arcadia Group ...
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News briefs
JD Sports on the hunt for more purchases after raising £464m
JD Sports Fashion is on the hunt for more acquisitions after raising £464 million pounds (€529m-$634m) through a placement of 58.4 million new shares, representing about 6 percent of its share capital. They were placed at 795 pence each, offering a 2.5 percent discount on the mid-market closing price of ...
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ArticleJD Sports buys another U.S. chain, wants more
After its $558 million takeover of The Finish Line in 2018 and its more recent $680 million acquisition of Shoe Palace on the U.S. West Coast, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR ...
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Article
JD acquires another sports chain in the U.S.
After its $558 million takeover of The Finish Line in 2018 and its more recent $680 million acquisition of Shoe Palace on the U.S. West Coast, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa. Based in Baltimore, ...
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Article
JD confirms its search for extra funding opportunities
JD Sports Fashion confirmed that it is exploring additional funding options, possibly involving a non-equity placing, as it looks to increase “its flexibility to invest in future strategic opportunities.” The company confirmed the move after Sky News reported the group was in talks with advisors on a potential £400 million ...
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News briefs
JD may want to buy Topshop in partnership with ABG
JD Sports Fashion is partnering with the U.S.-based Authentic Brands Group (ABG) in a possible bid for Topshop, the big U.K.-based chain of fashion stores, which is regarded as the most important asset of the bankrupt Arcadia Group, according to Sky News. Other bidders for this and other assets of ...
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Article
Better-than-expected profits for JD Sports Fashion
In an update on its performance through the Christmas selling period , JD Sports Fashion said that demand has remained robust throughout the second half of 2020, including the key months of November and December, despite temporary store closures in many territories. As a result, revenues for the 22 weeks ...
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News briefs
JD Sports Fashion acquires Wellgosh
JD Sports Fashion has reportedly acquired Wellgosh, an independent menswear retailer based in Leicester, for an undisclosed sum. The information was first reported by Drapers. Wellgosh, a family-run business, was founded by Peter Turner around 30 years ago. The company started operations with a small store in Leicester’s Silver Arcade ...
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ArticleJD Sports expands on the U.S. West Coast by acquiring Shoe Palace
JD Sports Fashion has announced the acquisition of Shoe Palace , which describes itself as “one of the most trusted athletic footwear and apparel retail chains in the United States,” and other assets in a cash and stock deal worth over $680 million in total. Acting through a wholly-owned holding ...
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News briefs
JD Sports’ acquisition of Footasylum faces another legal hurdle
JD Sports Fashion ’s battle to retain ownership of the British Footasylum chain is taking another turn, with the U.K.’s Competition and Markets Authority (CMA) “applying for permission” to appeal a recent judgement by the Competition Appeal Tribunal in the case, “after careful consideration.” JD had appealed to the ...
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AnalysisAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
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News briefs
JD may be serious about Debenhams
JD Sports Fashion has reportedly entered exclusive negotiations for the acquisition of Debenhams, the struggling British department store chain, with FRP and Lazard, which are advising the bankrupt company’s receivers. According to the reports, JD is particularly attracted by Debenhams’ website and the locations of some of its 124 stores, ...
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News briefs
JD may bid for Debenhams
JD Sports Fashion is said to be studying a possible bid for Debenhams , the biggest chain of department stores in the U.K. with 124 stores and a web shop. According to reports, JD has been given access to its financial data, which was previously denied to Frasers ...
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News briefs
JD wins a round in the battle for Footasylum
JD Sports Fashion reports that the Competition Appeal Tribunal of the U.K. has “quashed” a decision by the Competition and Markets Authority (CMA) to forbid its acquisition of Footasylum , a British chain of more lifestyle-oriented sports fashion shops. As a result, the CMA will have to reconsider the ...
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News briefs
JD’s executive chairman sells shares
Peter Cowgill, executive chairman of JD Sports Fashion, has sold 2,587,326 shares in the British company at a price of 745.61 pence per share, leading to total proceeds of £19,291,102 (€21,406,962-$24,889,334). The retailer’s share price has been sliding in the last five days from around 800 pence to less than ...
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ArticleJD reinstates guidance as H1 sales were better than expected
Instead of continuing to withhold its financial guidance like many other companies, JD Sports Fashion is now forecasting annual pre-tax profits of at least £265 million (€293.0m-$345.8m) for the current firscal year, while releasing better-than-expected sales figures for the 26 weeks ended on Aug. 1, despite the coronavirus pandemic. This ...
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News briefs
Covid-19 cases at a JD Sports warehouse
A local track-and-trace system has identified a few Covid-19 infections among the employees at JD Sports Fashion’s main warehouse at the Kingsway Business Park in Rochdale, near Manchester. These employees are now self-quarantined at home. Working with the U.K.’s National Health Service (NHS), the company has set up a mobile ...
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ArticleJD reports strong gains, but wants to pay less rent
While reporting record results for the financial year ended on Feb. 1, JD Sports Fashion indicated that it will slow down the pace of new store openings, making them partly dependent on the “rental realism” of landlords. The increasingly international sports and outdoor retailer based in the U.K. reported a ...
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News briefs
Decathlon and Sprinter grow in Spain
Decathlon has reported sales growth of 2.9 percent in Spain to €1,952 million, including VAT, for 2019. Sales over the internet went up by 17 percent to €136 million in the country. The number of stores increased by six to a total of 171. Meanwhile, after checking the public record, ...
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News briefs
JD re-acquires Go Outdoors
Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated ...
