JD Sports has opened its 400th store in the UK, with a new location at Kingsway Retail Park, Derby.
In Feb. of this year, JD Sports Fashion revealed plans to grow its revenues and margins by double digits over the next five years, including a rapid store expansion, under a strategy outlined by new Chief Executive Regis Schultz.
The plan also includes capital expenditure of £500–600 million (€560–673m) a year, with 50–60 percent of the spend focused on store expansion in underpenetrated markets. This should translate to 250–350 new stores a year.
