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 posts strong full-year profits

JD Sports has reported that its full year profits before tax and exceptional items have broken the £100 million barrier for the first time.

GENERAL MERCHANDISE

JD Sports posts strong full-year profits

After exceptional items, the sportswear retailer increased its pre-tax profit by 18% to £90.5 million in the year to 31 January. Meanwhile, revenue climbed by 25% to £1.5 billion with like-for-like sports fashion sales growing 13% year-on-year.

Peter Cowgill, JD Sports executive chairman, said: "I am delighted to report that our continuing operations have delivered a record result for the year with a headline profit before tax and exceptional items in excess of £100 million for the first time. This result and its ingredients provide a robust platform for further profitable growth, at home and internationally.”

JD Sports said the result had been driven by an “outstanding” performance in the company’s sports fashion fascias. However, its outdoor business had a difficult second half due to the unseasonably mild autumn and winter. 

The company continued to expand its store presence in Europe with 19 new stores for JD Sports and Size? to take the total to 70 stores. In addition, it refurbished its flagship Trafford Centre store in a new concept. This will also be applied to a new flagship in London’s Oxford Street which will open later in the year. 

Cowgill added: "The board continues to believe that the group is well positioned to exploit successfully the opportunities that exist for continued profitable growth."

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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing