Last week JD Sports Fashion announced its first venture in the southern hemisphere after it bought Australian firm Next Athleisure, which operates young fashion retailer Glue Store, for an undisclosed sum. Here are nine facts we’ve learned about JD’s latest acquisition.
- Glue was founded in 1998 and now has 32 stores in Australia, in both the Glue and larger Super Glue formats. The latter include coffee shops and free Wi-Fi.
- JD currently has no plans to convert any Glue stores into the JD Sports fascia. A spokeswoman for JD said it would only convert a small number to the JD format if “economically sensible” and if landlord consent was granted.
- Prior to the deal with JD, Next Athleisure ran the Topshop and Topman franchise in Australia. This was transferred out of Next Athleisure prior to completion, so JD has no financial interest in it.
- Retail and wholesale sales across the Next Athleisure group were understood to be about $200m (£116m) in 2015. This included sales at Topshop/Topman.
- According to its website, Glue has the exclusive rights to sell Miss Selfridge in Australia.
- Glue is known for its denim, and stocks labels including Denham, Guess, Lee and Levi’s, as well as young fashion labels like Cheap Monday, Ivy Park, Lulu & Rose.
- The retailer also stocks sportswear brands JD Sports already has strong relationships with, including Nike, Adidas and New Balance.
- It is the exclusive stockist for Manchester-based label Glamorous in Australia.
- The business also supports Australian brands, including C/Meo Collective, Minkpink, Abrand, Talulah, Henleys, All About Eve and St Goliath.