Will JD Sports be able to shrug off problems at Nike? October 2, 2024 Despite a strong set of results, with record revenue and a pick-up in sales, shares in JD Sports fell around five per cent this morning. After a tough year, which included a profit warning in January and £2bn wiped off its market cap, JD reported like-for-like sales growth in the first half of the year [...]
JD Sports: Revenue hits record as US expansion pays off October 2, 2024 JD Sports has reported record revenue in the first half of the year after a pick-up in sales and the acquisition of American retailer Hibbett. Revenue at the retailer reached just over £5bn in the 26 weeks to 3 August 2024, up by 5.2 per cent year on year. Profit before tax rose by two [...]
Cyber incidents are the Achilles heel for major UK CEOs, report finds October 1, 2024 Most UK CEOs experienced some sort of crisis that has hindered businesses, as cyber security incidents and social issues are becoming a headache
Berghaus: Loss widens after lower sales through JD Sports September 25, 2024 A fall in sales through JD Sports saw outdoor clothes brand Berghaus make a pre-tax loss for the sixth year in a row, it has been revealed. The Sunderland-headquartered business, which is owned by the Pentland Group, has reported a pre-tax loss of £9.1m for 2023, after also making a loss of £3m in 2022, [...]
Two of Mike Ashley’s brands face audit problems after payroll data goes missing September 22, 2024 Two fast-fashion brands at Mike Ashley’s Fraser Group, I Saw it First and Choice, have been affected by audit issues after their payment data could not be verified. Auditors Cooper Parry were unable to verify £7m of wages and salary payments at I Saw It First, according to This Is Money. The fast-fashion brand said [...]
Tesco boss Ken Murphy: ‘The AI revolution is upon us’ September 18, 2024 Tesco boss Ken Murphy has said that personalised grocery offers like Tesco Clubcard could “nudge” consumers towards making healthier decisions and that the AI “revolution is upon us” in retail. The Tesco chief executive said that, for example, an AI programme could note someone’s high sodium intake and encourage them to buy lower-sodium and healthier [...]
Footasylum: New flagship Oxford Street store helps profit more than double September 18, 2024 Pre-tax profit more than doubled at footwear and sportswear retailer Footasylum during its latest financial year. The Greater Manchester-headquartered company has reported a profit of £6m for the year to 27 January, 2024 , up from the £2.8m it posted for the prior 12 months. During the year Footasylum opened a flagship 20,000 sq ft Oxford Street [...]
JD Sports puts almost 200 jobs at risk as it moves to close major distribution centre September 10, 2024 Almost 200 jobs have been put at risk of redundancy after JD Sports confirmed plans to close one of its major distribution centres. The Greater Manchester-headquartered group, which is listed on the London Stock Exchange, is to shutter its location at Derby Commercial Park. The move comes after JD Sports penned a 20-year lease on [...]
Bloom & Wild hires first finance chief from Purplebricks as it targets return to profit September 10, 2024 Online flower delivery company Bloom & Wild has appointed a top boss at Purplebricks at its first-ever chief financial officer. Dominique Highfield has been hired by the London-based group from her position as chief operating officer at the online estate agency. Highfield has been at Purplebricks for almost two years, first joining in November 2022 [...]
JD Sports: FTSE 100 retailer beats analyst predictions in a ‘volatile’ market August 22, 2024 JD Sports has reported good global sales growth in the second quarter of 2024, smashing analysts’ expectations and leading to the share price rising by over six per cent in early trades. Like-for-like sales at the FTSE 100 firm rose 2.4 per cent in the 13 weeks to 3 August 2024 or 0.7 per cent [...]