Scott news and archive

JD Sports sells off struggling fashion arm Bank

JD Sports Fashion announced the sale of its struggling fashion arm Bank on Tuesday morning, as the group aims to focus on investing and improving its sportswear labels. The holding company, which owns Ark, Cloggs and Scotts, has disposed of Bank to a subsidiary of Hilco Capital Limited, in a deal which should result in “a substantial recovery of...

Retail

JD Sports asks for rent cuts at struggling Bank stores

UK retailer JD Sports is said to be in talks with retail landlords to reduce rent on a number of its Bank stores, as the retailer looks to cut down costs for its loss-making fashion branch. Peter Cowgill, Executive Chairman at JD Sports revealed to Reuters that the firm had spoken to landlords and is asking to switch to a turnover-based rents on...