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JD Sports sales edge up

JD Sports Fashion has maintained turnover and profit margins since its last financial update in September, but said it was “cautious” about sustaining the performance over Christmas.

The sportswear giant, which owns the JD Sports Fashion retail chain as well as young fashion chains Bank and Scotts, reported in September that like-for-like sales for the UK and Ireland were up 2.7% for the four weeks to August 28. It said today this figure has grown marginally in the year to November 13, up 0.1 percentage points to 2.8%.

The retailer said it remained “inevitably cautious” about maintaining such positive like-for-like sales performance during the Christmas period against a backdrop of successive uplifts in previous years.

A post-Christmas trading update will be announced in the first half of January.

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