×
1 256
Fashion Jobs
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
By
Reuters
Published
Apr 17, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JD Sports year profit falls on Blacks loss

By
Reuters
Published
Apr 17, 2013

LONDON - British retailer JD Sport Fashion posted a 20 percent fall in full-year profit as operating losses from its Blacks Leisure acquisition weighed on the group.

JD, which sells clothing and footwear from brands including Nike and Adidas, on Wednesday said profit before tax and exceptional items for the year fell to 60.5 million pounds ($92.5 million) in the 53 weeks to February 2, in line with analyst forecasts.

Last year the firm paid 20 million pounds to bring outdoor clothing retailer Blacks Leisure out of administration and has been busy pulling the business into shape since.

JD said its outdoor stores posted an operating loss of 14.9 million pounds during the year, but a new management team had started to improve the unit's performance.

British retailers have been battling inflation, subdued wages growth and government austerity measures leading to tightened household budgets.

The company's core sports stores delivered like-for-like growth of 2.5 percent during the year and was up 1.9 percent in the 9 weeks to April 6, it said.

Group revenue rose 18.8 percent to 1.26 billion pounds.

"Whilst the board recognises that recent acquisition activity has impacted on short-term returns, it remains confident that the group is well positioned to deliver earnings growth and increased shareholder returns over the longer term," said executive chairman Peter Cowgill.

The company paid increased the total dividend by 4 percent to 26.30 pence a share.

Shares in the FTSE 250 listed group, which have fallen 7 percent in the last month, closed at 742 pence on Tuesday, valuing the business at 348 million pounds.

© Thomson Reuters 2022 All rights reserved.