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JJB Sports chief set to leave

JJB Sports’ chief executive Keith Jones is set to depart the struggling retailer following a string of profit warnings and a call for emergency fundraising last week.

Jones, who has been running JJB since March 2010, is expected to leave within days, according to Sky News.

It reported that JJB directors are thought to be discussing Jones’ departure and that an announcement could be made as early as today.

It is unclear if Jones, who joined from Dixons where he was group retail director, will be directly replaced.

The retailer has suffered slumps in sales and profits in recent years, and has undertaken two company voluntary arrangements to shed hundreds of stores.

Earlier this year the retailer struck a deal with Dick’s Sporting Goods, the giant US retailer, which took a stake in JJB.

JJB revealed this month that chairman Mike McTighe would step down to be replaced by Bob Corliss, a veteran of the US retailer Athlete’s Foot.

JJB declined to comment, said Sky News.

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