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JD Sports toughs it out

Sports and fashion stores have seen marginal improvements in sales growth in the 11 weeks since 12 September.

CITY & CORPORATE

JD Sports toughs it out

Sports and fashion stores have seen marginal improvements in sales growth in the 11 weeks since 12 September.

Previously, the group said like for like sales in the 32 weeks to 12 September 2009 were up by 0.5 per cent on sports and 2 per cent on fashion.

Reporting today, the group said that the overall sales performance “remains encouraging, particularly in the light of strengthening in the sports fascias' competition, subsequent to recent fundraising”.

"The early signs from recent acquisitions remain encouraging too. Margins in the second half have been in line with expectations and so the Board remains confident about the Group's prospects for the remainder of the current financial year."

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