Shops and pubs recovery to be gradual, but there will be winners
Analysts say the pace of recovery also depends on how governments lift restrictions
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’ online sales to be “small mitigation” for losses due to coronavirus shut-down
The retailer said it will now publish its results in the second half of May to allow for greater clarity on guidance
JD Sports blasts ‘fundamentally flawed’ CMA investigation as regulator moves to block Footasylum acquisition
The regulator said its preliminary findings had revealed competition concerns over the £90mln merger, which was completed in May last year
JD Sport shares likely to take a breather now, predicts UBS
“Further share price upside requires earnings upgrades”, analysts at the bank said, but this looks a tough ask
JD Sports holds out for overseas stores after challenging UK Xmas
The retailer said its international operations had shown the strongest positive trends over the festive period
Archive
FTSE 100 closes lower after lacklustre US monthly jobs report
The US created 145,000 jobs last month as hiring slowed and wages eased as the hourly wage growth fell below 3% in December for the first time in over a year
US jobs data to end the week; JD Sports continues Christmas high street updates
Capital Economics expects the December data to show a 150,000 gain in non-farm payrolls
Mike Ashley criticises CMA probe of JD Sports
The Sports Direct boss does not want the competition authority to use what he sees as “inaccurate estimates” of his company's market share
Snap election this year could spell deeper misery for retailers
Analysts at Peel Hunt said a customary drop in footfall that often accompanies an election campaign could hit retailers over the critical Christmas period
JD Sports hit by full competition investigation into Footasylum deal
Competition & Markets Authority said last month that it thought the deal may result in a “substantial lessening of competition”
Mike Ashley puts boot into JD Sports' close ties with big sports brands
Sports Direct stirred the pot by highlighting concerns about the power of big brands in the market to elevate prices
JD Sports runs into regulatory wall over Footasylum deal
The company is in discussions with the competition authorities over whether any acceptable remedies can be agreed to make the deal acceptable
JD Sports logs higher profits and revenues as it bucks trend of high street gloom
The FTSE 100 ‘athleisure’ retailer reported that like-for-like sales in its first half had risen by more than 10%
Archive
JD Sports, Ashtead and 888 to head deluge of results on Tuesday
The second day of the week will also bring the UK's latest unemployment figures
AB Foods, JD Sports and UK macro under microscope in coming week
Morrisons, Galliford Try, Ashtead Group, Bovis Homes, Sanne and JD Wetherspoon are among others reporting in the week
Competition watchdog probes JD Sports' takeover of Footasylum
The Competition and Markets Authority has confirmed that it has launched a Phase I merger enquiry
JD Sports’ US growth potential not yet priced into the shares, says UBS
“We believe the market is underestimating the Finish Line turnaround opportunity, based on the latest UBS Evidence Lab price-tracking data showing positive indicators emerging”
JD Sports gets a spring in its step following strong trading and store expansion
"Encouraging" sales in its UK and international markets, combined with 29 new stores, meant the retailer expected its full-year profits to be "at least" in line with market estimates
Investments and investor services
FTSE 100 closes higher again as bullish sentiment continues
Footsie closed around 50 points higher at 7,609 on Wednesday
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Serco's acquisitions and contract wins will be in focus on Thursday
Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.