All JD Sports Fashion articles
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JD Sports takes full control of MIG
JD Sports Fashion has bought a 40 percent stake in Marketing Investment Group (MIG) and is now the sole owner of the Polish-based wholesaler and multi-channel retailer. The acquisition was completed following clearance by the European Commission. JD Sports already owned a 60 percent stake in MIG, acquired in 2021. ...
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ArticleJD Sports cuts profit guidance as sales disappoint
JD Sports Fashion’s sales came in lower than expected in the 22 weeks to Dec. 30 and the British retailer cut its full-year profit guidance. The company reported that constant currency organic revenue growth was 6.0 percent during the 22-week period, while like-for-like growth was 1.8 percent. “This was slightly ...
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JD Sports in partnership with Instacart for same-day deliveries in North America
JD Sports Fashion and Instacart have entered a partnership to launch same-day delivery from more than 500 JD Sports and Finish Line stores in North America via the Instacart app and website. ”JD Sports is one of the first sports-fashion retail partners to leverage Instacart’s technologies, giving customers access to ...
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JD Sports to buy out minority shareholders in ISRG
JD Sports Fashion plans to buy the 49.98 percent stake in Iberian Sports Retail Group (ISRG) that is currently held by Balaiko Firaja Invest and Sonae Holdings for a total cash consideration of €500.1 million which will be funded from its existing available cash resources. Upon completion, the British retailer ...
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ArticleJD Sports expands into Middle East through a franchise deal
JD Sports Fashion signed the first franchise agreement for the JD banner with GMG, a Dubai-headquartered company. The partnership will enable the group ”to deliver on the roll out of its ‘JD Brand First’ strategy and is a pivotal move in the continued expansion into underpenetrated markets,” the British ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleJD Sports’ growth slows down in May
JD Sports Fashion said that it benefited from ”further positive trading in all regions” through May with overall growth in organic sales at constant exchange rates up around 8 percent year-on-year. In the first three months of the company’s fiscal year, which ends on Feb. 3, 2024, growth in organic ...
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JD Sports appoints a new CFO
JD Sports Fashion has announced the appointment of Dominic Platt as its new chief financial officer (CFO) and as a member of the board. Platt is expected to join the British retailer later this year. Platt is currently CFO of BGL Group, one of the U.K.’s leading digital distributors of ...
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ArticleJD Sports’ unit Spodis to take over Gap France
Spodis, a unit of JD Sports Fashion, has been chosen by a Grenoble-based commercial court to buy for €300,000 part of the assets of Wilsam, which manages franchised Gap stores in France. “With realistic operating and financial forecasts, a capacity to support working capital and investments with its own resources, ...
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ArticleJD Sports in talks to buy Courir
JD Sports Fashion announced that on May 8 it entered into exclusive negotiations with the owners of Groupe Courir to buy the French chain of sportswear for €325 million euros in cash. The acquisition is seen as a good fit for the British brokerage Peel Hunt and will enable JD ...
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JD Sports creates new global leadership position
JD Sports Fashion appointed Michael Armstrong to the newly created position of global managing director to drive growth and advance expansion plans internationally, particularly in the North American and European markets, to become the “leading global sports-fashion powerhouse.” Armstrong will work under CEO Régis Schultz to oversee JD’s strategic direction, ...
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JD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits over the next five years alongside a rapid store expansion, The plan also includes capital expenditure of £500-600 million (€560-673m) a year, with 50-60 percent of the spend focused on store expansion in underpenetrated markets. This ...
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JD Sports leaves South Korea but plans major expansion in U.S. and Europe
JD Sports Fashion is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened ...
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JD Sports is the target of a cyber attack
JD Sports Fashion said that it has been the target of a cyber incident which resulted in the unauthorized access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020. The affected JD Sports group brands are JD, Size?, Millets, Blacks, ...
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JD Sports’ H2 retail sales up by over 10%
Revenue growth for JD Sports Fashion’s organic retail businesses in the 22 weeks to Dec. 31 was more than 10 percent, compared with growth of 5 percent for the first half of the British company’s fiscal year. “The performance in these businesses through the Christmas period, both in stores and ...
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JD Sports tightens its grip on Deporvillage
JD Sports Fashion announced that Iberian Sports Retail Group (ISRG) has acquired an additional 18 percent holding in the issued shares of Deporvillage from co-founders Xavier Pladellorens and Àngel Corcuera for a cash consideration of €19.8 million. Following the transaction, ISRG will hold a 98-percent stake in Deporvillage, while Pladellorens ...
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News briefsJD Sports hires former Monoprix head as CEO
JD Sports Fashion has appointed Régis Schultz as its new chief executive officer. From August 2016 to July 2019, he was the head of Monoprix, a French city-center food and fashion retailer that is part of Groupe Casino. During his time there he launched and executed a new digital strategy, ...
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ArticleJD Sports to sell Footasylum to Aurelius
On July 29, JD Sports Fashion exchanged contracts to sell Footasylum and its associated subsidiaries to the German private equity Aurelius Group for £37.5 million (€44.8m). JD Sports bought the chain of sports fashion stores in May 2019 but the acquisition was blocked last year by the British Competition and ...
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JD Sports like-for-like sales up 5%
JD Sports Fashion said that total sales in like-for-like businesses were up by 5 percent year-over-year in the period ending June 30, which corresponds to the first five months of its fiscal year. The group confirmed its guidance for the fiscal year ending Jan. 28, 2023 of profit before ...
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JD Sports names a new chairman
JD Sports Fashion has named Andrew Higginson as chairman of the British sports, outdoor brands and fashion retailer, effective on July 11. Higginson has over 28 years of continuous non-executive director experience on the boards of public limited companies, including senior leadership roles over nearly 15 years at the U.K. ...
