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JD Sports targets 350 store openings a year as part of international expansion
JD Sports has announced it aims to spend 50% to 60% of its yearly capital expenditure to expand the brand internationally over the next five years, especially in the North American and European markets.
In its capital markets event, the sportswear retailer said it aims to spend more than half of its £500m to £600m capital expenditure per annum on store expansions in the two regions.
JD plans to open 250 to 300 new stores per year as a part of this five-year growth plan.
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