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JJB like-for-likes fall 6.5%

JJB Sports saw group revenue slump 8.3% for the 13 weeks ended April 27 which reflected a 6.5% fall in retail like-for-like sales.

JJB Sports’ total like-for-like sales were down 5.3% when a 5% increase in comparable sales relating to the sportswear company’s health clubs was taken into account.

Gross margin was up 100 basis points against the same period last year.

JJB Sports said it was confident about its strategy but that it was aware of the challenging retail environment. The group has also completed its planned store closure programme.

JJB Sports’ non-executive chairman, Roger Lane-Smith said: “Whilst the retail environment remains very challenging, we have taken significant action to strengthen our store portfolio and continue to invest to improve the quality of our stores and product. Our health club division continues to perform well.”

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