All JD Sports articles
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Article
Puma sees improving trends ahead, maintains FY24 outlook
Puma, now that its most “challenging” quarter of the year is over, is forecasting sequentially improving trends for the remainder of 2024. Stronger sales growth is projected in H2 as the commercialization of developing product trends and impact of the company’s accelerated brand elevation strategy take hold. “We are ...
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News briefs
JD Sports makes Middle East debut with new store in Bahrain
JD Sports has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504 square meter establishment will offer customers access to the latest releases from a diverse ...
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News briefs
JD Sports implements four-day office workweek for head office employees worldwide
JD Sports is implementing a new policy requiring all head office employees worldwide to return to the office at least four days a week, effective July 1. This decision will impact employees at the sports giant’s UK head office located in Bury. However, JD Sports will maintain flexibility based on ...
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News briefs
JD Sports director Mahbobeh Sabetnia opts not to stand for re-election
Mahbobeh Sabetnia, a non-executive director on the JD Sports board and member of the remuneration committee, has announced her decision not to seek re-election at the company’s upcoming annual general meeting on June 27, 2024. Having served on the board for nearly two and a half years, Sabetnia has been ...
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News briefs
JD Sports implements forensic tagging sprays to combat shoplifting surge
British sportswear giant JD Sports is stepping up its security game in response to a surge in shoplifting incidents. Teaming up with forensic security firm SelectaDNA, the retailer is set to deploy tagging sprays across its stores as a proactive measure. These sprays work by leaving behind a unique synthetic ...
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Article
JD Sports plans to acquire Hibbett in £899m deal, accelerating US expansion
JD Sports has announced its agreement to acquire US sportswear brand Hibbett for £899 million, aiming to accelerate its expansion in the United States. The move is expected to bolster JD Sports’ growth plans in North America, enhance its Complementary Concepts division, and strengthen its relationships with brand partners. Additionally, ...
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News briefs
JD Sports Fashion opens flagship store on Paris’s Champs-Élysées
JD Sports Fashion debuts its global flagship store on Paris’s famed 118 Avenue des Champs-Élysées. The store boasts cutting-edge digital technology and will offer “immersive experiences for shoppers”. Featuring top brands like Nike, Adidas, and New Balance, the store promises the latest in sports fashion. To mark the occasion, JD ...
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News briefs
Sports Direct denies injunction in dispute over Newcastle United replica jerseys
Sports Direct, owned by Mike Ashley, has faced a setback in its legal battle with Newcastle United Football Club (NUFC) regarding the sale of replica kits for the upcoming 2024/25 season. The retailer had lodged a complaint against NUFC with the Competition Appeal Tribunal in March, accusing the club of ...
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News briefs
TFG introduces JD Sports to South African market
South Africa is set to welcome the arrival of British sportswear giant JD Sports, courtesy of The Foschini Group (TFG), through an exclusive franchise agreement. TFG’s CEO Anthony Thunström highlighted the move as an expansion of their sports portfolio, leveraging their existing brands like Sportscene, Totalsports, and Sneaker Factory. Thunström ...
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News briefs
Mike Ashley sues Newcastle United over replica shirts for 2024/2025
Mike Ashley, the founder of Sports Direct, is suing Newcastle United over next season’s kit. Ashley owned the football club for 14 years, between 2007 and 2021. He has taken legal action against the club for “stopping his Sports Direct empire from selling their replica shirts” in favor of rival ...
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News briefs
JD Sports’ Dutch retailers Perry Sport, Aktiesport, Sprinter now closing
Closing its final lot of Dutch retailers, JD Sports’ Perry Sport, Aktiesport and Sprinter stores will shutter on Tuesday. Curator Kees van de Meent confirmed to De Telegraaf the closure of the last six branches, operated under JD’s subsidiary Sports Unlimited Retail, which went bankrupt in 2023. While the British ...
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News briefs
JD Sports plans flagship store in Munich
British sports fashion retailer JD Sports has secured itself a prime location in Munich for its largest German flagship store to date. Now that the German sports chain SportScheck will soon have to give up its flagship store in Munich’s pedestrian zone in the city center (Neuhauser Straße) following the ...
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News briefs
JD Sports completes acquisition of MIG
JD Sports Fashion Plc has announced on Jan. 18 the completion of its acquisition of the 40 percent minority stake in Kraków-based Marketing Investment Group S.A. (MIG), making JD the 100 percent sole owner. The acquisition has been completed following receipt of the European Commission’s decision declaring the transaction compatible ...
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News briefs
Frasers may acquire former Dutch JD-owned stores
The Netherlands-based Sports Unlimited Retail, owned by JD Sports and the parent group of Perry Sport, Aktiesport and Sprinter Netherlands, was declared bankrupt in December. At the time, around 50 stores were owned by the company. According to a new report by the Dutch media company RTL Z, up ...
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Article
JD Sports cuts profit forecast due to weak consumer spending
After sales at JD Sports Fashion’s sales fell short of expectations in the 22 weeks to December 30, the British retailer, which owns Go Outdoors, Blacks, Millets and other retail brands, lowered its profit guidance for the full year. According to the company, organic sales growth at constant currency ...
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Analysis
The European sports retail market
Our latest review of European sports retailers shows single-figure growth. We bring you the numbers in full across 15 countries and over 70 retailers.
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News briefs
Iconix acquires British streetwear label
The US brand management group Iconix International has acquired a majority stake in the British streetwear brand Hoodrich, thereby expanding its brand portfolio, which already includes Umbro, Pony, Ocean Pacific and Lee Cooper. The terms of the transaction were not disclosed. Hoodrich founder Jay Williams will retain a minority stake. ...
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Article
On Holding maintains lofty objectives despite moderating wholesale revenues
The Swiss company On Holding, which intends to double its net sales by 2026, increase its gross profit margin to above 60 percent and push its adjusted Ebitda above 18 percent, is only forecasting high-single-digit wholesale growth in Q4 2023. Direct-to-consumer sales (DTC), meanwhile, are expected to continue their torrid ...
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Article
Nike says it’s “turning the corner” toward greater profitability
Market chatter about Nike’s 9 percent stock price decline over the last month, recent high inventory levels, and 23 percent drop in market value this year had the bears out in force ahead of the company’s Q1 results yesterday. But Nike reported earnings results ahead of expectations and its senior ...
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News briefs
Formerly pure e-tailer predicts a record year
Deporvillage appears to have returned to double-digit growth in revenues and has accordingly raised its revenue forecast for the current year from €163 to €170 million, according to Modaes and Palco23. Should the crystal ball prove accurate, the retailer will surpass the record year of 2021 with its late-Covid euphoria. ...