JD Sports cautious on outlook despite sales rise

JD Sports store in London

JD Sports sounded a cautious note on prospects as it posted a sales rise at the start of its new financial year.

The retailer said it was “reassured with the trading to date” in the 14 weeks to May 7, when total sales in the group’s like-for-like businesses rose by ”more than” 5% year on year.

However, JD Sports flagged up the volatile economic and political environment in which retailers are operating.

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