JD Sports Fashion news and archive

JD Sports Fashion’s Spanish holding buys additional 18 percent stake in Deporvillage

JD Sports Fashion Plc has announced that Iberian Sports Retail Group SL (ISRG), the group's existing 50.02 percent intermediate holding company in Spain, acquired an additional 18 percent stake in Deporvillage SL from co-founders Xavier Pladellorens and Àngel Corcuera for cash consideration of 19.8 million euros. Deporvillage was founded in 2010...

14 Oct 2022

BusinessFeatured

JD Sports cautious about H2 trading but reaffirms outlook

In an interim results announcement for the first half period, JD Sports Fashion has reported a 19 percent drop in pre-tax profits to 298 million pounds. The company’s total group revenue came in at 4.4 billion pounds. Total revenue growth in organic retail businesses was up 5 percent with that level of growth continuing in the second half to...

22 Sept 2022

Business

JD Sports signs 5.5 million pounds deal with former chairman Peter Cowgill

Britain's sportswear retailer, JD Sports Fashion has signed a deal with former executive chairman Peter Cowgill. The company will pay him 5.5 million pounds to act as a consultant as well as to restrict him from working for or advising any of the JD's competitors, and prevent him from soliciting any of its employees. Commenting on the update,...

21 Sept 2022

Business

JD Sports appoints chair of nominations and remuneration committee

JD Sports Fashion Plc has announced the appointment of Andrew Higginson as chair of the nominations committee and Suzi Williams as chair of the remuneration committee. The group has also announced the creation of a new disclosure committee. The company said in a release that the current committee composition now consists of the audit committee...

13 Sept 2022

BusinessFeatured

Régis Schultz to take over as the new CEO of JD Sports Fashion

JD Sports Fashion Plc has appointed Régis Schultz as the company's new chief executive officer. The company said in a release that Schultz is expected to join JD in September at which time Kath Smith will undertake a full handover of her duties to Schultz during a short transitional period. Smith will then resume her former role as senior...

2 Aug 2022

Business

JD Sports sells Footasylum to Aurelius for 37.5 million pounds

On 29 July 2022, JD Sports Fashion Plc exchanged contracts to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for 37.5 million pounds. Commenting on the development, Kath Smith, interim CEO of JD, said: "I would like to sincerely thank the teams at Aurelius and Footasylum who worked collaboratively with the CMA to agree...

1 Aug 2022

Business

JD Sports appoints Andy Higginson as new board chairman

JD Sports Fashion Plc has appointed Andy Higginson as chair of the group effective July 11, 2022. The company said in a release that Higginson is a highly experienced and proven retailer and chair with over 28 years of continuous non-executive director experience on PLC boards, including senior leadership roles over nearly 15 years at Tesco....

8 Jul 2022

BusinessFeatured

JD Sports profit doubles, revenues up 38 percent

Total revenue at JD Sports Fashion Plc for the year increased by 38.8 percent to 8,563 million pounds significantly influenced by the impact of the recent acquisitions. The company said in a release that total gross margin for the year increased to 49.1 percent and pre-tax profit doubled to 947.2 million pounds. The company plans to propose an...

22 Jun 2022

Business

JD Sports posts like-for-like sales growth of 5 percent

For the 14 weeks to May 7, 2022, JD Sports Fashion Plc reported total sales in the group's like for like businesses more than 5 percent higher than the same period in the prior year. The company said in a release that the performance is a positive reflection of both the strength and breadth of the group's brand relationships and category offer....

12 May 2022

Business

JD Sports Fashion raises full year profit outlook

In the trading update on 12 January 2022, JD Sports Fashion Plc said that total revenues for the twenty-two week period to January 1, 2022 in the group's like for like businesses were more than 10 percent ahead of the same period in 2020 with an equally positive performance across the Black Friday and Christmas period. The company added that the...

18 Feb 2022

Business

JD Sports raises full year profit forecast

Total revenues for the twenty-two week period to January 1, 2022 in JD Sports Fashion Plc’s like for like businesses were more than 10 percent ahead of the same period in 2020 with an equally positive performance across the Black Friday and Christmas period. The company said that gross margins for the second half are in line with the prior year....

12 Jan 2022

Business

Mahbobeh Sabetnia replaces Heather Jackson as non-executive director on JD Sports Fashion board

JD Sports Fashion has announced that after more than six years on the board, Heather Jackson has stepped down from her position as non-executive director, with effect from November 29, 2021. The company also announced that, with effect from the same date, Mahbobeh Sabetnia was appointed as a non-executive director. Commenting on her departure,...

30 Nov 2021