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20.08.26 - 11:18
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Sales of trainers dive as cost of living pressures hit JD Sports performance (The Guardian)
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Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers.JD Sports, which sells a range of sports brands including Nike and Adidas, said widespread inflation had hit shoppers' wallets, resulting in falling sales across important markets such as the US, where it struggled to quickly shift trainers and other footwear. Continue reading......
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20.11.25 - 17:18
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UK is worst-performing market for JD Sports as youth unemployment hits sales (The Guardian)
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Lack of spare cash among under-25s feeds slide in sales with annual profits to be at lower end of expectationsUnemployment among young people in the UK is hitting sales growth and profits at JD Sports, the owner of the trainer and sportwear chain has said, amid warnings about the high number of under-25s not in work, education or training.The UK was the worst-performing market for JD Group, which also owns Blacks, Go Outdoors and a number of US and European sports chains. Continue reading......
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24.09.25 - 11:30
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JD Sports profits and sales fall amid ′strained consumer finances′ (The Guardian)
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Leisurewear firm reports 13.5% decline in profits in six months to 2 August, with sales drop worst in North AmericaJD Sports has said consumers' wallets are “strained” as sales struggled on either side of the Atlantic and the retailer reported a fall in profits.The company, which sells a range of sports brands including Nike and Adidas, reported a 13.5% fall in adjusted profits to £351m in the six months to 2 August and warned that annual comparable sales will be down compared with its last financial year. Continue reading......
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