JD Sports counters retail gloom with global expansion
JD Sports’s shares gain 77% in 2019 as the company rides millennials’ fondness for athleisure products
03 July 2019 - 20:09
Bengaluru — JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters.
Shares of the owner of Footpatrol and Cloggs rose as much as 4.4% after the company also said it is seeing “encouraging” like-for-like sales growth in its core sports fashion business in the UK and other global markets...
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