JD Sports Issues Profit Warning Amid Weakening Sales
JD Sports has issued a fresh profit warning, citing a decline in sales, particularly in North America, and the impact of the cost of living crisis on consumer spending. The company noted that shoppers are shunning trainers despite a boost from football kit sales.
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JD Sports issues fresh profit warning as US sales tumble at ‘King of Trainers’
Shares in UK retailer drop 10% after latest setback
Read full article →JD Sports boss is still struggling to turn up the heat amid tepid trainer market
Latest profit warning is particularly disappointing in a World Cup year, which should have given the business a sporty buzz JD Sports cuts £50m from profit forecast as cost of living pressures hit trainer sales It was a slower quarter for “high-heat footwear product”, said JD Sports. It didn’t mean it was struggling to shift sandals during a heatwave. Rather, it was referring coyly to the big global trainer brands’ failure to come up with hot new designs. When Nike and Adidas, reckoned by C...
By Nils Pratley
Read full article →JD Sports sales hit as cost of living crisis sees shoppers shun trainers
The company’s share price dropped by about 14 per cent on Thursday following the update
By Anna Wise
Read full article →JD Sports trims outlook as sales weaken further in North America
By Investing.com
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