All JD Sports Fashion articles – Page 2
-
News briefs
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. ...
-
ArticleJD Sports’ FY earnings surge
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...
-
News briefsJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
-
News briefs
JD fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, the company confirmed that it will “continue to work ...
-
ArticleJD raises its profit forecast again
JD Sports Fashion expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store basis in ...
-
News briefs
U.K. anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.’s Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening ...
-
News briefs
JD Sports buys Greek firm Cosmos Sport
JD Sports Fashion, the UK retailer of sports, fashion and outdoor brands, has acquired 80 percent of Cosmos Sport. No financial details were released. Based in Crete, Greece, Cosmos was founded in 1982 by Fragiskos Tsiknakis. Prior to the purchase, Cosmos was 70 percent owned by the Tsiknakis family with ...
-
ArticleJD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
-
News briefs
JD adopts the OOOOO video commerce platform
JD Sports Fashion has started an exclusive partnership in the U.K. with OOOOO Entertainment Commerce to develop market-leading video commerce content on its young rapidly growing platform. OOOOO describes itself as a technology platform that enables retailers, brands and influencers to share product-based opinions directly to consumers through live, interactive, ...
-
ArticleU.K. regulator still opposes JD’s takeover of Footasylum
Leaving the door open for comments by Sept. 16 before making a final decision in October, the U.K. Competition and Markets Authority (CMA) restated on Sept. 2 its provisional ban on JD Sports Fashion’s already completed acquisition of the Footasylum, in spite of criticism expressed by the Competition Appeal Tribunal ...
-
News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
-
News briefs
JD transfers Dutch chains to ISRG
JD Sports Fashion is selling two Dutch chains of sporting goods stores, Aktiesport and Perry Sport , to the Iberian Sports Retail Group (ISRG) , in which it holds a controlling interest off 50.02 percent, for £16.5 million (€19.2m-$23.3m). The rationale behind the transaction, which is expected to ...
-
News briefs
JD Sports to sell its seconds to a reseller
JD Sports will be selling its seconds – returned and flawed sneakers and apparel – to a British company called Sole Responsibility . Established in 2014 and still run, with some help, by the co-founding husband and wife, Sole Responsibility buys “products that would have been disposed of” and ...
-
News briefs
JD Sports Fashion posts resilient results
J D Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 ...
-
ArticleJD expands in Central and Eastern Europe
Pursuing its international expansion, JD Sports Fashion has signed an agreement to acquire a 60 percent stake in the Marketing Investment Group (MIG) , a wholesaler and multi-channel retailer with a network of 410 retail stores in Poland and eight other neighboring countries. The deal is due to be ...
-
News briefs
JD Sports head says Brexit “considerably worse” than expected
The impact of Brexit on trade is “considerably worse” than expected, Peter Cowgill , chairman of JD Sports Fashion told the BBC ’s World at One program. He said that red tape and shipment delays to the European single market have resulted in “double-digit millions” in additional costs. ...
-
ArticleJD Sports on the hunt for more purchases after £464m cash call
JD Sports Fashion is on the hunt for more acquisitions after raising £464 million (€529m-$634m) through a placing of new shares on the London Stock Exchange on Feb. 4. The company said that 58.4 million shares were placed at 795 pence each (€9-$10.8), representing about 6 percent of ...
-
ArticleU.K.-EU trade heavily affected by Brexit, worse may be ahead
Brexit has complicated life for merchants in the European Union exporting to the U.K., which highlights new paperwork requirements, higher administrative costs, delivery delays and uncertainty about what the rules of the game are now that the U.K. is no longer a member of the single market since Jan. 1. ...
-
ArticleJD Sports continues U.S. expansion with DTLR acquisition
After the recent acquisition of Shoe Palace, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa . Based in Baltimore, and currently majority owned by the New York-based private equity firms BRS Co. and ...
-
ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
- Previous Page
- Page1
- Page2
- Page3
- Next Page
