JJB sports sales slump 22.6%
By FashionUnited
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JJB chief executive Keith Jones insisted that progress is being made at the business. He said: “Despite the consumer environment being extremely challenging and expected to remain so for the foreseeable future, our re-sized store portfolio and other cost-saving initiatives have allowed us to manage the business and maintain tight financial controls.
“Our focus on people and processes is yielding early wins and with the continued hard work from colleagues across the group, I remain confident of
JJB’s return to profitability and growth.
“Our results for the half year have been impacted by the closing of unprofitable stores and the sell-out of old and obsolete stock. Despite the tough trading climate, the business is in better shape than of late and has the opportunity to develop the JJB proposition into a truly authentic sports retailer over the next few years.”
JJB has appointed Ray Evans as director of football. Evans, most recently managing director of etailer Kitbag, will join JJB in the New Year.
JJB said: “Ray is one of the leading e-commerce executives, with an in-depth knowledge of the sports retail markets, working with a range of sports clubs on an international level.”
Image: JJB Sports
Source: Retail Week