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JD Sports Fashion releases interim results

By FashionUnited

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JD Sports Fashion, the leading retailer and distributor of branded

sportswear, fashion wear and outdoor clothing and equipment, has released its interim results on like for like sales in the core UK Sports and Fashion Fascias of +1.1 percent (Sports Fascias +1.2 percent; Fashion Fascias +0.7 percent) for the 26 week period to July 28, 2012.

For the 16-week period to November 17, 2012, like for like sales growth for these Fascias has been +1.5 percent overall.

The trading environment remains tough and particularly so for the Fashion Fascias. This is reflected in the split of the like for like sales in the 16 week period, being Sports Fascias +3.5 percent and Fashion Fascias -6.6 percent.

The new Managing Director of Blacks, who was previously Buying and Merchandising Director at Cotswold Outdoor, joined JD Sports this month. JD has commenced investment into the Blacks stores and early signs are encouraging for the future. The result for the full year remains, as usual, substantially dependent on the performance through the Christmas period and particularly in the last two weeks of December.

The Board believes the Group remains on course to deliver earnings in line with current expectations. The Group will issue its post Christmas trading update on January 10, 2013.
JD Sports