JD Sports Fashion said that trading over the 11 weeks to November 28 had been positive, with both its fashion and sports fascias performing well.
JD Sports Fashion said margins in its second half were in line with expectations and added that the board remained confident about the group’s prospects for the rest of the financial year.
In its last update for the 32 weeks to September 12, like-for-like sales at its sports fascias grew 0.5%, up 2% at its fashion fascias. The retailer said that in the 11 weeks since then, sales at both fascias had improved marginally.
JD added that its retail performance was particularly encouraging in light of strengthening competition from JJB which recently completed its fundraising.
It also said that early signs from recent acquisitions, including its first international acquisition of Chausport, had been encouraging.
JD will issue its post-Christmas trading update on January 7, 2010.
You might also like...
JD Sports confident it will achieve 'headline' profits
Peter Cowgill, the executive chairman of JD Sports Fashion, will announce later today that he remains confident that the group will deliver ”headline” profit before tax in its full year results.
Why JD Sports is outpacing its rivals
Knowing its customer and its place in the market has allowed JD Sports to thrive while its rivals struggle in a tough environment
Revenues double again at JD Sports
Revenues have once again almost doubled at JD Sports Fashion for the six months to 3 August 2019.
Revenue rockets at Pentland Group
Pentland Group’s revenue soared 38.9% to £5.1bn for the year to 31 December, fuelled by a record-breaking performance from JD Sports Fashion.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.