JD Sports released an interim management report stating that sales in its main outdoor fascias over the 18 weeks ended June 8 were up 7%, in line with market expectations. Whilst the outdoor division has recorded positive like for like sales, this has been achieved at a significant margin sacrifice and the development of profitability in these fascias remains a work in progress.
for its fashion fascias were much less rosy, with a reported sales
decline of 5%. This fall in sales in the fashion division of the company
is concentrated in the brand Bank where the benefit of the new head of
womenswear is not expected to be seen until later in the year.
Accordingly, the performance recorded in the year to date will lead to
an increased loss being reported for these Fascias in the first half.
Lauren Walker with Reuters
More news avbout JD Sports ? Use the search engine at the right top