JD Sports trims profit outlook as sales slump across key markets
JD Sports has trimmed its full-year profit outlook this morning (August 20), citing weak consumer demand as sales fell across key markets, including the UK and the US.
In an update covering the 26 weeks of the retailer’s first half to August 1, JD Sports said that footwear demand “remained soft given consumer pressures and ongoing product cycle evolution across key brand partners, amidst a promotional market” but flagged it had enjoyed “good performance in apparel and accessories in all regions”.
Already have an account? Sign in here