JD Sports becomes Nike's first European retail partner
JD’s customers, in the UK initially, will gain access to select Nike member-only footwear and apparel
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, Elite Sports and Rangers FC fined £2mln by CMA for colluding and fixing prices
The retailers colluded from September 2018 to July 2019, while the Scottish football club took part for approximately two months until November 2018
JD Sports' new boss already making improvements, says Credit Suisse
Specifically, analysts at the bank believe Regis Schultz is focusing on 'greater apparel penetration and market share gains in the US
Should unemployment among JD Sports' target audience be a concern?
Figures from Statista, a market and consumer data company noted that roughly 9.1% of people aged between 16 to 24 were unemployed in the UK in the three months to July 2022
JD Sports expects to achieve full-year guidance after 'strong' first half
Revenue was up to £4.4bn from £3.8bn, while sales in the first six weeks of the second half are ahead by 8% compared to last year
JD Sports agrees departure terms with ousted chair Cowgill
"I am pleased that we have been able to reach this amicable and constructive way forward with Peter covering the next three years," chairman Andy Higginson said
First look at JD Sports under new boss
Investors will be keeping a keen eye out for anything that could signal a shift in strategy towards being more digitally focused
JD Sports: New boss looks set to spark at digital revolution
According to a note from UBS, the appointment of the 53 year old means two things
JD Sports confirms former B&Q executive Régis Schultz appointed CEO
“Régis brings exactly the characteristics we were looking for. He is a retailer through and through with experience across all types of retail formats,” said JD Sports chair Andrew Higginson
JD Sports to sell Footasylum to German firm Aurelius for £37.5mln
The sportswear retailer is offloading Footasylum after its own acquisition was blocked by the CMA.
JD Sports to hire former B&Q executive Regis Schultz as its next chief - report
A deal to hire Schultz, who runs Al-Futtaim's retail operations in Dubai, is reportedly close to completion
JD Sports forecasts full-year performance in line with expectations
The work to address governance issues is "progressing as anticipated", the fashion retailer said
JD Sports to hive off Footasylum following pressure from UK competition watchdog
Sports clothing retailer in talks with private equity firm Aurelius Group
JD Sports appoints experienced retailer Andrew Higginson as chair
Higginson has been a non-executive director on PLC boards for over 28 years, including senior roles at Tesco for nearly 15 years
JD Sports at inflection point as Nike and co look to go own way
“An extended period before a new CEO lays out a new strategy is unwelcome, but we see few signs of execution slipping in the meantime,” said Credit Suisse
Zalando not the first, and won't be the last, to issue a profit warning in the retail sector
In Germany, Zalando stock experienced a larger fall today, but the three companies have experienced similar share price movements in the year so far
JD Sports keeps 'overweight' rating from Barclays after results
The bank cut its target price on the retailer from 195p to 185p
JD Sports Fashion: how departing CEO Peter Cowgill has transformed the retailer
The departing executive chairman began his tenure at the Bury-based chain on March 16, 2004
JD primed for more takeovers despite lack of chief executive
JD’s financial year was boosted by deal-making and it’s tipped to continue this bolt-on strategy
JD Sports Fashion posts record profit but flags economic and political 'headwinds'
The UK's largest sports retailer said the search for a new boss is ongoing