JJB Sports reported that comparable store sales for the 22 weeks ended July 1 were down 8.0 percent. The retailers said the sales shortfall was due to "poor early summer weather" and weaker-than-anticipated sales of merchandise tied to the European Football Championships.
The Group announced on the April 4 that it had broadly continued to meet its trading expectations for the nine weeks ended April 1 . Since then the Group "has experienced a deterioration in trading performance against management expectation, particularly during May and June when the expected peak in sales in connection with sales of replica football kits and associated products generated from consumer interest in the European Football Championships did not materialise to the extent anticipated (and previously experienced with other major football championships). This sales performance has been further exacerbated by the poor early summer weather, which has adversely impacted sales of seasonal product. Consequently sales have fallen materially short of expectations."
As at 1 July 2012 net debt was 15.4 million pounds.
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