JD Sports Fashion said that trading has remained positive with sales at both its fashion and sports fascias continuing to perform well.
JD said margins in its second half were in line with expectations and the board remains confident about the group’s prospects for the rest of the financial year.
In its last update for the 32 weeks to September 12 like-for-like sales at its sports fascias grew 0.5%, up 2% at its fashion fascias. The retailer said that in the 11 weeks since then cumulative rates at both fascias had improved marginally.
JD added that its retail performance was particularly encouraging in light of strengthening competition from JJB which recently completed its fundraising.
It also said that early signs from recent acquisitions, including its first international acquisition of Chausport, remain encouraging,