THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Omnichannel Futures 2025
Retail HR Central 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
JD Sports to remain cautious on trading for rest of year

JD Sports has said it will remain cautious on trading for the rest of the year after posting a drop in first half profit. In the… View Article

SPORTS AND LEISURE NEWS

JD Sports to remain cautious on trading for rest of year

JD Sports has said it will remain cautious on trading for the rest of the year after posting a drop in first half profit.

In the six months to 31 July, pre-tax profit came in at £298.3 million compared to £364.6 million at the same time last year.

Meanwhile revenue rose to £4.41 billion from £3.88 billion a year earlier.

The company said it continued a robust performance in its sports fashion retail fascias in the UK and Ireland and achieved a return to profit in Europe in the period.

In addition, it opened 51 net new stores across Europe, including a first store in Hungary, and three sites in Australia. It also launched four stores in Indonesia and two in Israel under joint venture arrangements. This means its core JD fascia now has a retail presence in 27 countries.

Looking ahead, JD Sports chairman Andy Higginson said: “Given the widespread macro-economic uncertainty, inflationary pressures and the potential for further disruption to the supply chain with industrial action a continuing risk in many markets, it is inevitable that we remain cautious about trading through the remainder of the second half.

“Despite this, the board maintains its view, at this point, that the headline profit before tax and exceptional items for the year ending 28 January 2023 will be in line with the record performance for the year ended 29 January 2022.”

Subscribe For Retail News