Sportswear retailer JD Sports Fashion has downgraded its profit forecast after weaker trading in Britain and the US and promotional activity at competitors hurt sales, and it warned the outlook was "cautious".

RTÉ

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JD Sports warns on profit in 'challenging' market

The sports retailer said revenues over November and December were 1.5% lower than the same period a year ago.

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The Independent

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JD Sports cuts yearly profit outlook after rivals apply festive discounts

Government of Ireland

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Acting President Choi Sang-mok offered a somewhat pessimistic forecast for the job market on Wednesday, partly attributing the latest employment figures to negative sentiment among employers.

The Korea Times

Dongwha Enterprise

South Korea

Acting president says job market outlook remains 'challenging'

The “King of Trainers” is set to open its new store in a town centre this spring.

Kent Online

Kent

JD Sports plans move into empty M&S

JD Sports shares plunged more than 12 per cent this morning after the company issued a profit warning. The FTSE 100 giant forecast full year profit before tax at between £915m and £935m, down from its previous estimate of £955m to £1.035bn. This morning, the retail giant told markets sales fell 1.5 per cent across November and December in a “challenging and volatile market”. Revenue grew 3.4 per cent in the same period. Revenue rose 1.5 per cent…

City AM

JD Sports shares plunge after retailer warns on profit

JD Sports is lowering its guidance for the year despite a “strong Christmas” selling season. According to the UK-based athletic retailer, market headwinds were higher than anticipated in the fourth quarter. “With these trading conditions expected to continue, we are taking a cautious view of the new financial year,” Régis Schultz, chief executive officer of JD Sports Fashion Plc, said in the company’s trading update on Tuesday. Overall, the comp…

Footwear News

JD Sports Says Increased Promotional Activity Across Market Hurt Holiday Sales

The worst-performing FTSE 100 stock so far today (14 January) is JD Sports Fashion (LSE:JD). The JD Sports share price is down almost 10%, hitting its lowest level since 2020. Even though there’s a clear negative catalyst for this move, some investors might see this as a potential for a long-term value buy. Here are the details. Flagging up profit issues The business issued a trading update this morning, stating that “we now expect the full-year…

The Motley Fool UK

The JD Sports share price is down 10% today! Time to consider getting involved?

JD Sports has downgraded its profit forecast, blaming tougher-than-expected market conditions and heightened promotional activity during the peak trading period. For the nine weeks to 4 January 2025, the fashion retailer reported organic revenue growth of 3.4%. However like-for-like revenue fell by 1.5% across November and December in what it called a “challenging and volatile market”, though a stronger Christmas saw December LFL revenue rise 1.…

Retail Gazette

JD Sports lowers profit outlook amid 'challenging' market conditions - Retail Gazette

JD Sports has lowered its full-year guidance after it struggled with a “challenging and volatile” market over the Christmas period.  The group now expects full-year profits to be between £915m and £935m, down from previous expectations of £955m to £1bn.  It comes as like-for-like sales in the nine weeks to 4 January fell by 1.5%, with the group having to increase promotional activity over the period. Despite this, December like-for-like sales ro…

JD Sports warns on profit in 'challenging' market

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