Company
JD Sports Fashion PLC
LON:JD.
JD Sports Fashion plc has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, JD Sports. The JD Group now has well over 500 stores covering both sports and branded fashion but it all started when John David Sports was founded in 1981 with one shop in Bury. By 1983 the fledgling business was expanding into the Arndale Centre in Manchester and throughout the 1980s there were further openings, largely in the North and Midlands. The first London store was opened in Oxford Street in 1989 and by the time of JD’s stock market flotation in 1996 there were 56 stores. Maximum advantage was being taken from the growth in sales of international sports brands such as adidas, Nike, Reebok and Puma and the trend to wear sportswear more and more in everyday life rather than largely on sports fields. Additionally, JD had already developed its reputation as the most innovative visual merchandiser of sportswear with the best and most exclusive and stylish ranges.
361 stories · page 2 of 4
JD Sports, Adidas, Puma all soar as Nike update highlights decent US sales
Revenue rose 2% to US$12.9 billion from US$12.6 billion
JD Sports ‘on track’ to beat guidance
JP Morgan backed JD Sports to exceed half year guidance
Zalando partners with Nike
“The long-term partnership reflects a mutual passion for innovation and provides a pioneering customer experience,” said Zalando
JD Sports becomes Nike's first European retail partner
JD’s customers, in the UK initially, will gain access to select Nike member-only footwear and apparel
JD Sports, Elite Sports and Rangers FC fined £2mln by CMA for colluding and fixing prices
The retailers colluded from September 2018 to July 2019, while the Scottish football club took part for approximately two months until November 2018
JD Sports' new boss already making improvements, says Credit Suisse
Specifically, analysts at the bank believe Regis Schultz is focusing on 'greater apparel penetration and market share gains in the US
Should unemployment among JD Sports' target audience be a concern?
Figures from Statista, a market and consumer data company noted that roughly 9.1% of people aged between 16 to 24 were unemployed in the UK in the three months to July 2022
JD Sports expects to achieve full-year guidance after 'strong' first half
Revenue was up to £4.4bn from £3.8bn, while sales in the first six weeks of the second half are ahead by 8% compared to last year
JD Sports agrees departure terms with ousted chair Cowgill
"I am pleased that we have been able to reach this amicable and constructive way forward with Peter covering the next three years," chairman Andy Higginson said
First look at JD Sports under new boss
Investors will be keeping a keen eye out for anything that could signal a shift in strategy towards being more digitally focused
JD Sports: New boss looks set to spark at digital revolution
According to a note from UBS, the appointment of the 53 year old means two things
JD Sports confirms former B&Q executive Régis Schultz appointed CEO
“Régis brings exactly the characteristics we were looking for. He is a retailer through and through with experience across all types of retail formats,” said JD Sports chair Andrew Higginson
JD Sports to sell Footasylum to German firm Aurelius for £37.5mln
The sportswear retailer is offloading Footasylum after its own acquisition was blocked by the CMA.
JD Sports to hire former B&Q executive Regis Schultz as its next chief - report
A deal to hire Schultz, who runs Al-Futtaim's retail operations in Dubai, is reportedly close to completion
JD Sports forecasts full-year performance in line with expectations
The work to address governance issues is "progressing as anticipated", the fashion retailer said
JD Sports to hive off Footasylum following pressure from UK competition watchdog
Sports clothing retailer in talks with private equity firm Aurelius Group
JD Sports appoints experienced retailer Andrew Higginson as chair
Higginson has been a non-executive director on PLC boards for over 28 years, including senior roles at Tesco for nearly 15 years
JD Sports at inflection point as Nike and co look to go own way
“An extended period before a new CEO lays out a new strategy is unwelcome, but we see few signs of execution slipping in the meantime,” said Credit Suisse
Zalando not the first, and won't be the last, to issue a profit warning in the retail sector
In Germany, Zalando stock experienced a larger fall today, but the three companies have experienced similar share price movements in the year so far
JD Sports keeps 'overweight' rating from Barclays after results
The bank cut its target price on the retailer from 195p to 185p
JD Sports Fashion: how departing CEO Peter Cowgill has transformed the retailer
The departing executive chairman began his tenure at the Bury-based chain on March 16, 2004
JD primed for more takeovers despite lack of chief executive
JD’s financial year was boosted by deal-making and it’s tipped to continue this bolt-on strategy
JD Sports Fashion posts record profit but flags economic and political 'headwinds'
The UK's largest sports retailer said the search for a new boss is ongoing
JD Sports facing fine for Rangers FC 'price rigging'
JD and Elite fixed prices on Rangers replica kits and short-sleeve shirts, the CMA alleges
Will JD Sports live to regret Peter Cowgill's departure?
Since taking control at the helm in 2004, Cowgill has overseen the company’s share price grow by somewhere in the region of 5,000%
JD Sports tumbles as boss Peter Cowgill steps down
Kath Smith, a non-executive director and senior independent director, will become interim chief executive
RBC slash target price for retailers JD Sports, Superdry and Halfords
Superdry had the largest target price cut out of the three London listed retailers
JD Sports is the king of brand relationships
JD is known for its strong relationships with brands such as Nike and Adidas
JD Sports reports trainer shortage but profits still expected to rise
The retailer's like-for-like sales were more than 5% higher year-on-year, driven by both the "strength and breadth" of its brand relationships and category offerings
JD Sports one of the 'more resilient models', says broker
JD remains well-positioned to be a key global partner for big brands
JD and Footasylum fined by CMA
The two failed to disclose information shared to the regulator
JD Sports brushes aside supply problems as athleisure demand soars
Profit before tax (PBT) for the year ended 29 January will be at least £875mln
Travel, retail and housebuilders on the agenda for Wednesday
Trading updates are due from DFS Furniture, JD Sports, Sainsburys, Just Eat, Nichols, Pagegroup, Vistry and Whitbread
JD Sports rallies as Nike performs better than expected
Shares in the trainer and sportswear retailer have been under a cloud recently
JD backs down from Footasylum takeover
It has faced several obstacles since it announced the purchase over two years ago
JD Sports awarded 'A-' rating for climate change for second year
The company achieved an A star rating for the second consecutive year
JD Sports responds to media reports on boss meeting Footasylum counterpart
In a video obtained by the Sunday Times, the FTSE 100 group’s executive chairman Peter Cowgill is shown meeting Barry Bown in what is being investigated as a breach of CMA orders
JD Sports ordered to sell Footasylum by UK competition watchdog
JD Sports said the decision to block the acquisition “defies logic” and that it will carefully consider its options
JD Sports upgraded to ‘buy’ at UBS as it weathers supply chain problems better than peers
The broker is forecasting a pre-tax profit of £859mln for the athleisure retailer for full-year 2022, well above the company's own guidance of “at least £750mln”.
Archive
FTSE 100 ends higher as miners rebound
US stocks lower at the midday point on Friday on tech sector weakness
JD Sports, what’s your secret?
The athleisure retailer is going from strength to strength: what sets it apart from its competitors?
JD Sports eyes huge full-year profit jump after record interims
The retailer still maintained a cautious stance as footfall remains weak in many countries, while the peak Christmas period won’t benefit from stimulus cheques in the US and might be hit by further restrictions
China and the luxury goods sector: Berenberg cautious on short term but positive on long term outlook
The Chinese government has yet to announce the details of its wealth distribution plans, but they are likely to involve higher taxes for the wealthy
JD Sports 'perplexed and disappointed' as Footasylum deal blocked again
This deal would see Footasylum bought by its closest competitor and, as a result, shoppers could face higher prices"
JD Sports remuneration chair booted out in AGM revolt over bosses pay
54% of independent shareholders voted against Andrew Leslie's re-election
JD Sports issues statement ahead of AGM to quell activists concerns
The retailer guided for £550mln profits this year but it is still considering whether to repay taxpayer money back to the government
Archive
Primark owner AB Foods key update for Thursday, sparks to fly at JD Sports AGM
Also in the company diary are white good retailer AO World and legacy software group Micro Focus
JD Sports heads for heated AGM as investors protest £4.3mln executive bonus
An advisory group is also pushing shareholders to vote against the re-election of executive chairman Peter Cowgill
JD Sports to acquire specialist sports retailer in Spain for €140.4mln
Deporvillage is an online-only business serving various EU countries and the UK
JD Sports to sell a subsidiary to another subsidiary
The FTSE 100 group said the Dutch arm would be better managed by the Spanish one
JD Sports boss staying put
Peter Cowgill, who became CEO as well as chairman in 2014, said he was not going anywhere
JD Sports eyes strong profit recovery after smooth US expansion
JD is “encouraged” with trading so far this year and resumed dividend payments
Archive
FTSE 100 closes a shade ahead as US inflation data dampens sentiment
The Footsie closed up by 1.37 points, or 0.02%, at 6,890, off the intraday high of 6,895, but well ahead of the low at 6,859
JD Sports and Revolution to update on impact of lockdowns
Results from Revolution will not be televised - Gil Scott-Heron
Archive
JD Sports and Tesco results key news for coming week, Deliveroo to also hop in with update
News is also expected from stock broker Plus500, bar chain Revolution and online booze seller Naked Wines
JD Sports snaps up controlling stake in Polish sportswear retailer MIG
Based in Krakow, MIG operates 410 retail stores and associated trading websites across nine countries in Central and Eastern Europe selling sports fashion footwear, apparel and accessories
JD Sports upgraded to ‘outperform’ by RBC Capital Markets after building stronger position in sportswear
The sector is facing a positive outlook due to the consumer shift towards healthy lifestyles combined with product innovation
JD Sports raises £464mln via placing to boost acquisition power
The athleisure retailer placed 58mln new shares, representing 6% of the entire issued share capital
JD Sports finds stronger footing in US sneakers market with latest acquisition
The retailer has acquired US brands DTLR Villa and Shoe Palace in just below two months and is focusing on physical stores as well as its online offering
JD Sports to acquire US streetwear brand DTLR for US$495mln
The acquisition will enhance the FTSE 100 retailer's presence in the north and east of the US
JD Sports says "no further relevant information to disclose in relation to an equity capital raise"
The retailer was responding to media reports regarding plans for a £400mln cash call
JD Sports boasts that profits will be over £100mln ahead of expectations
Like-for-like for the 22 weeks to January 2 were more than 5% ahead of the previous year
Archive
Tesco, JD Sports, ASOS and Boohoo continue retail theme in coming week
Other firms in the diary include Primark owner AB Foods, Just Eat, Premier Inn parent Whitbread and housebuilders Vistry, Persimmon and Taylor Wimpey
JD Sports expands US sneaker footprint with Shoe Palace acquisition
Shoe Palace generated revenues of US$435mln and a profit before tax of US$52mln in 2019
JD Sports shares slip on reports of Debenhams deal talks
The troubled department store chain recently rejected a bid from Mike Ashley's Frasers Group that was reported to be in the region of £150mln