Representative Image British sportswear retailer JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year as the global macro environment remains volatile. The FTSE 100-listed group, which sells Nike, Adidas, On, HOKA and other…
JD Sports (file image) British sportswear retailer JD Sports Fashion on Friday reported a 6.4% drop in first quarter sales in its home market, blaming a volatile clothing market, sending its shares sharply lower. Shares in the FTSE 100 group, which sells Nike, Adidas, HOKA and other sports brands, were down 11% in early trading….
JD Sports (file image) British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. The retailer, which sells Nike, Adidas and other sports fashion ranges, said its pretax profit for the year to Feb. 4 would meet guidance it downgraded in…
Nike on Thursday said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging weaker profits this year. Nike’s global peers Adidas, Puma and JD Sports , too, have warned of weaker earnings this year, as consumers cut back on non-essential…
JD Sports Fashion lowered its full-year profit forecast on Thursday, citing higher costs and subdued consumer spending in the peak season, sending the British sportswear retailer’s shares down nearly 21%. Retailers in the United Kingdom have experienced tepid growth as the ongoing cost-of-living squeeze prompts shoppers to rein in spending. Apparel retailers across Europe like…
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5%. The group, already the UK’s biggest sportswear retailer and with an expanding presence in North America…
