All JD Sports articles – Page 2
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News briefsJD Sports to open 1,000-sqm flagship on Champs-Elysées
JD Sports will open a new flagship store at 118 Champs-Elysées in Paris. Passers-by can already see the stickers that have been affixed by the British retailer on the windows of its new space, previously occupied by Mercedes-Benz. JD Sports is planning to inaugurate the store in March 2024, according ...
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News briefsNike has another new partner for connected partnership program
Nike has announced a new connected partnership with performance specialty retailer Pro:Direct Sport. Launching first on the Pro:Direct Sport mobile app in the U.K. and on the web in France, the partnership will unlock tailored digital, member-exclusive products and experiences. It will be Nike’s third connected partnership across Europe, following ...
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ArticleJD Sports eyes 3.9% profit increase before tax and adjusted items in FY24
Britain’s JD Sports, coming out of a financial year where Ebit declined by 33 percent to £440.9 million (€507.6m) from £654.7 million due to exits from branded fashion businesses and the cost of shuttering its South Korea operations at a total expense of £550.5 million, is aiming to hit the ...
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ArticleUnit of JD Sports to take over Gap France
Following on from April’s decision in which Intersport France had the winning bid to acquire the Go Sport Group in a joint venture with the Qatari firm Al-Mana, Spodis – a unit of JD Sports Fashion – has been chosen by a Grenoble-based commercial court as the buyer of part ...
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News briefsJD Group appoints new CFO
JD Sports Fashion Plc has announced the appointment of Dominic Platt as its new Chief Financial Officer and as a member of the Board. Platt is expected to join the JD Group later this year. Platt is currently CFO of BGL Group, one of the UK’s leading digital distributors of ...
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ArticleJD Sports Fashion proposes acquisition of Courir
JD Sports Fashion Plc has announced a proposed acquisition of the French-based athletic footwear chain, Courir.
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News briefsJD Sports appoints two non-executive directors
Following last week’s appointment of Michael Armstrong as the company’s first global managing director to further drive the group’s growth and achieve its goal of becoming the “leading global sports-fashion powerhouse,” JD Sports has appointed Angela Luger and Darren Shapland to the board as non-executive directors. Luger will join the ...
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News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
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ArticleNike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
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News briefsDivestment of more brands from JD Sports to Frasers group
In the ongoing divestment of 15 of JD Sports’ non-core, U.K.-based fashion businesses to the Frasers Group, the transaction has been completed for five more brands: Tessuti, Scotts, Choice, Giulio and Cricket. The company expects to complete the divestment of Topgrade Sportswear later. According to JD Sports, Rascal Clothing Ltd. ...
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ArticleJD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits. Find out the strategy behind this plan.
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News briefsJD Sports leaves South Korea, but plans major expansion in U.S. and Europe
JD Sports is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened its ...
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ArticleJD Sports sees FY at top end of expectations after Christmas sales surge
JD Sports Fashion said it expected annual profits to be at the top end of expectations after revenues grew by more than a fifth over the Christmas period. Current market expectations for the year to Jan. 28 are for a profit before tax and exceptional items of £933-985 million (€1.05bn-1.11bn) ...
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News briefsJD Sports divesting 15 non-core fashion brands
JD Sports is selling 15 non-core, U.K.-based fashion businesses to Frasers Group for cash consideration of up to £47.5 million (€54.9m). The divestiture will result in JD taking a non-cash exceptional charge of up to £100 million and shifting more focus to the international and digital businesses of its core ...
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News briefsJD Sports’ storefront in Oxford Street becomes an AR arcade game
JD Sports has transformed the facia of its flagship store in London’s Oxford Street into a free interactive claw grabber game using augmented reality (AR). The sporting goods retailer has launched the experience in partnership with Snap Inc., the tech company behind Snapchat. In order to play, shoppers scan the ...
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News briefsSprinter opens another store in Spain
On Nov. 24, as planned, Sprinter opened its 203rd Spanish store, a 900-sqm affair at the Plaza Norte 2 mall in San Sebastián de los Reyes, on the outskirts of Madrid. As Diffusion Sport reports, this will not be the last new store of 2022. The company expects to open ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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News briefsZalando is Nike’s second retail partner for Connected Partnership in ten European countries
Just a few hours after JD Sports announced it would become Nike’s first European retail partner for the brand’s Connected Partnership program, Zalando has spread the news that it will be Nike’s partner in Germany, Austria, Benelux, France, Belgium, Denmark, Sweden, Finland, Italy and Poland for the same integrated customer ...
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News briefsJD Sports to be first European retailer to go live with Nike’s connected partnership
JD Sports will be Nike’s first European retail partner for the brand’s Connected Partnership. The integrated loyalty program aims to enhance the shopping experience of customers through access to member-exclusive products and experiences. Starting in the U.K., the program will enable customers to link their JD and Nike membership accounts ...
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Article
International is important cog in Columbia’s growth plan
Columbia Sportswear unveiled a three-year financial target plan last week that calls for potential double-digit growth on its profit & loss statement that will be driven by sales gains outside its home U.S. market, footwear and digital. In FY22, the company confirmed a guidance call for 10 to 12 percent ...
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