JD Sports expands US sneaker footprint with Shoe Palace acquisition
Shoe Palace generated revenues of US$435mln and a profit before tax of US$52mln in 2019
Company
JD Sports Fashion PLC
LON:JD.
JD Sports Fashion plc has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, JD Sports. The JD Group now has well over 500 stores covering both sports and branded fashion but it all started when John David Sports was founded in 1981 with one shop in Bury. By 1983 the fledgling business was expanding into the Arndale Centre in Manchester and throughout the 1980s there were further openings, largely in the North and Midlands. The first London store was opened in Oxford Street in 1989 and by the time of JD’s stock market flotation in 1996 there were 56 stores. Maximum advantage was being taken from the growth in sales of international sports brands such as adidas, Nike, Reebok and Puma and the trend to wear sportswear more and more in everyday life rather than largely on sports fields. Additionally, JD had already developed its reputation as the most innovative visual merchandiser of sportswear with the best and most exclusive and stylish ranges.
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JD Sports shares slip on reports of Debenhams deal talks
The troubled department store chain recently rejected a bid from Mike Ashley's Frasers Group that was reported to be in the region of £150mln
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The Tribunal said that CMA “acted irrationally” in drawing conclusions on the effects of the pandemic and on the risks posed by competitors
JP Morgan initiates coverage of JD Sports with ‘overweight’ rating
The retailer is expected to deliver continued top-line growth thanks to its positioning in the sporting goods sector
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For JD, the Canadian bank said they expected the athleisure retailer's UK market to “prove relatively resilient, due to higher conversion and strong digital sales”
JD Sports bumps up profit forecast as young people keep buying trainers
The retailer's profit before tax for the year to February 1, 2021, is expected to be “at least” £265mln
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FTSE 100 index closes a tad lower as tech sell-off in New York dents sentiment
Britain's blue-chip benchmark finished down around seven points, or 0.12%, at 5,930
JD and tonic from Fevertree on the menu for Tuesday
There should also be updates of interest from Ashtead, Travis Perkins and DS Smith
JD Sports slapped with record fine over Footasylum takeover
The CMA said the athleisure wear chain and its largest shareholder Pentland had breached an enforcement order imposed last year following its takeover of the footwear firm
JD Sports should accompany international expansion with strong online offering, analysts say
Experts are wondering how the mix of physical and online shopping will evolve and the implications on the store portfolio
JD Sports strengthens online business as it forecasts prolonged low footfall
Footfall is expected to remain uncertain for the foreseeable future due to the impact of social distancing
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FTSE 100 posts triple-digit drop as bearish sentiment returns
Britain's blue-chip benchmark finished down around 96 points, or 1.53%, at 6,189 as traders fretted once more about the pandemic
Retail and hotel company updates to shine light on coronavirus lockdown performances
JD Sports Fashion and Halfords will issue full-year results, while Premier Inn owner Whitbread issues a trading update
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Rolls-Royce, retailers, hoteliers and housebuilders to dominate corporate calendar in coming week
The week will also see trading updates from recruiters PageGroup and Robert Walters
JD Sports confirms Go Outdoors administration notice
Administrators have not been appointed yet but creditors cannot take or continue legal action for ten days
Two sides of post-pandemic retail: RBC downgrades JD Sports, upgrades Kingfisher
JD Sports may be hit by low consumer confidence among the younger population, while Kingfisher is to benefit from a renewed interest in DIY
JD Sports target price hiked as Berenberg says group poised to benefit from market consolidation
The bank also said while they were mindful of near-term uncertainty, they were “even more optimistic on the recovery of sportswear demand and the resilience of JD’s core consumer”
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JD Sports told to sell Footasylum as competition authority vetoes merger
"In the midst of a global pandemic and with the UK high street in a state of complete lockdown, the CMA's final decision is even more absurd"
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JD Sports unveils final results halfway through shorter week
Current trading for JD's still operating online division is likely to be closely eyed for how much sales will be able to offset the impact from retail closures amid the coronavirus pandemic
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JD Sports and Flutter to report key figures and updates in coming week
Updates are also expected from pest control group Rentokil as well as blue-chip miner Rio Tinto