THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
JD Sports' growth in line with expectations

Sportswear retailer JD Sports will tell its shareholders that like-for-like sales growth has been in line with expectations when it holds its AGM later today.

SPORTS & LEISURE

JD Sports' growth in line with expectations

In a statement released this morning, the company said its chairman Peter Cowgill will say: "Since we reported our results for the last financial year, we have moved into a further period of year on year calendar differences, notably Eid, which has also led us to adjust the timing of our clearance period.

“Therefore, we do not believe our like for like store sales comparatives will be truly meaningful until the end of the first half, by which point the impact of the aforementioned timing differences and the strong comparatives from the performance through last year's Euros tournament will all have fully unwound.

“Nevertheless, we are pleased to confirm that growth to date in group like-for-like store sales and further significant growth in the group's online sales have been in line with our expectations.”

The company is continuing to expand its store estate both in the UK and overseas with a net increase of 28 stores in the period to 24 June 2017. Notable new openings have included JD's first two stores in Australia and a further two stores in Malaysia.

Cowgill will add: "Whilst we have faced some anticipated margin pressure in achieving the sales growth, the board considers that the group is currently on track to deliver a result for the full year in line with market expectations. We also believe that our highly differentiated multi-brand offer, combined with an attractive and dynamic presentation instore and online, gives the group continuing competitive advantage."

JD Sports will announce its interim results for the period to 29 July on 12 September.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy