JD Sports First Half Profit Hit by American Weakness
Sales fell 0.7% to £5.9 billion as weakness in North America offset progress in online and loyalty efforts.
- On Wednesday, British sports and fashion retailer JD Sports reported a 19.7% drop in first-half profit, primarily driven by weakness in its key North American market.
- CEO Regis Schultz attributed the performance to "a challenging backdrop of consumer cost-of-living pressures, footwear product cycle headwinds and a highly promotional market."
- The company posted a profit of £282 million on £5.9 billion in sales, down 0.7%; Nike, accounting for more than 40% of sales, further pressured results as it resets its business.
- Following a 3.1% fall in group like-for-like sales during the second quarter, the retailer maintained its full-year earnings outlook of £700 million to £800 million.
- Shifted consumer preferences toward newer, nimble brands like Hoka and On have hurt longstanding leaders, while Schultz warned that several factors "may persist into H2.
13 Articles
13 Articles
No longer propped up by new stores, JD Sports struggles to grow, says GlobalData
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. Following today’s release of JD Sport’s figures for the three months months ending 1 August 2026; Louise Deglise-Favre, Lead Apparel Analyst at GlobalData, a leading intelligence and productivity platform, offers her view: “JD Sports’ sales in H1 FY2026/27 fell 0.7% t…
JD Sports profits crash as cost-of-living pressures hammer younger shoppers
JD Sports Fashion has blamed cost-of-living pressures and weaker consumer confidence among younger shoppers for a deterioration in sales and profits, as the sportswear retailer warned of a “tough global… The post JD Sports profits crash as cost-of-living pressures hammer younger shoppers appeared first on London Business News
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
