
The boss of high-flying JD Sports said that success at the company in recent months has been driven by the desire of younger consumers to get back to socialising.
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The boss of high-flying JD Sports said that success at the company in recent months has been driven by the desire of younger consumers to get back to socialising.
JD Sports Fashion continued to progress globally last year and despite the damage the pandemic has caused, it remained optimistic for its future prospects as it delivered its full-year results.
Surfing-inspired fashion brand Animal is being shut down by its parent company H Young, the latest failure due to a combination of the overall weak UK retail sector and the coronavirus crisis.
The retailer is set to open a new store on Barnet’s main High Street on 4 May. Designed to become the go-to outdoor destination in North London, the store will take Millet’s total number of shops to 101.
JD Sports is planning to expand the Go Outdoors retail brand that it bought from its previous private equity owners last year and has signed up for a major distribution centre as well as reporting higher sales.
The three-year agreement will see participants, DofE Leaders and other volunteers receive a 10% and 15% minimum discount on kit, equipment and clothing in store and online.
Go Outdoor’s expanded store estate helped it lift its sales by 5.7% to £213.8m in the year to 29 January, with new large format stores in Chatham, Leeds, Belfast and Nottingham contributing to the growth.
JD Sports confounded the sceptics in H1 with sales and profits powering ahead, despite nervousness over intense competiton and fewer major launches. And the company is expanding fast abroad as well as in the UK.
UK sports footwear and apparel retail giant JD Sports said Thursday that its acquisition of retailer Go Outdoors has been given unconditional approval by the Competition and Markets Authority (CMA).
In sports, it’s all about winning and JD Sports Fashion certainly won the sales/profits race last year. It prospered on the athleisure trend, on digital growth and investment to ensure brands want it to sell their goods.