JD Sports Fashion has centralised its buying structure, giving some buyers for certain fascias responsibility for the entire group, Drapers understands.
JD Sports on Oxford Street in London
In the past, buyers for menswear chain Scotts, for example, bought stock for that business alone, but now they have the authority to buy for all relevant fascias under the JD umbrella.
A spokeswoman for JD Sports Fashion said: “We can confirm that, while there has been no major change to the group buying structure, central oversight of buying has been marginally increased.”
JD declined to comment on whether any redundancies have been made across the buying teams as a result, but one source said it was indicative of a cost-cutting strategy.
“It’s probably the start of more redundancies and economies of scale”, he added.
The changes coincide with the full acquisition of premium menswear chain Aspecto by JD-owned Tessuti and the closure of its head office, as revealed by Drapers last week.
Drapers understands that all head office staff at Aspecto were made redundant. JD Sports Fashion said it was in consultation with staff and it is working to find roles across the group for as many of those affected as possible.
Drapers understands that all Aspecto stores will remain open and will continue to trade under the Aspecto name.
Aspecto was acquired by Tessuti buying director Michael Ashcroft and his brother-in-law, Tessuti founder and minority shareholder David Light, in August last year, following the death of Aspecto founder and managing director Mel Pilkington on 21 May 2015, after a long fight with cancer.
JD Sports bought a 40% stake of Tessuti in 2011.