…as JD Sports Fashion buys its Cecil Gee brand June 20, 2011 JD Sports Fashion has bought a slice of Spanish chain Sprinter and Moss Bros’s eight Cecil Gee stores. The company now has holds 50.1 per cent of Sprinter, which include 47 shops in the Andalusia and Levante regions. JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares. The retailer bought the [...]
JD Sports in Spanish acquisition June 20, 2011 JD Sports Fashion has bought a slice of Spanish chain Sprinter and eight Cecil Gee stores, it said today. The company now has holds 50.1 per cent of Sprinter which include 47 shops in the Andalusia and Levante regions. JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares. The retailer bought [...]
Halfords defies retail gloom to post profit rise June 9, 2011 HALFORDS shook off the gloom hanging over the UK retail sector yesterday to announce a 7.2 per cent rise in pre-tax profit in the past year. Customers bought more car parts and fitted them at Halfords stores as they cut back on expensive services or new vehicle purchases, chief executive David Wild told City A.M. [...]
FTSE falters as retailers slide June 9, 2011 Stocks defied downbeat expectations to post gains this morning but have since downhill after a number of UK retailers said sales were falling. Heavyweight banking stocks are also down following yesterday’s Treasury Select Committee debate over whether to ringfence their operations, and Vince Cable’s attack on their lending levels on Tuesday. State-backed Lloyds Bank is [...]
JD Sports sales fall in line with forecasts June 9, 2011 Sports retailer JD Sports Fashion has seen sales continue to fall at a growing pace but said the declines remain within its expectations. Sales falls seen in its full-year results have continued over the past three months, giving a like-for-like decline of 2.8 per cent in UK and Ireland net sales. JD Sports, a one-time [...]
JJB revival plan hit as its losses mount May 25, 2011 SPORTSWEAR chain JJB Sports yesterday warned that it will take as long as five years to turn round the business after it reported mounting losses. The full-year losses almost doubled to £181.4m. The retailer was saved from administration in March when it hammered out a company voluntary agreement with its landlords, closing up to 89 [...]
JD Sports negative on growth in 2011 despite sales boost April 13, 2011 JD Sports saw a jump in profit yesterday but remained downbeat about the outlook. The gloomy trading forecast overshadowed better-than-expected profit figures for the past year of £81.6m, after analysts had pencilled in £79m. Same-store sales for the year increased by 3.1 per cent, boosted by strong demand for brands such as Adidas and Nike [...]
FTSE rallies after banks and retailers deliver good news April 13, 2011 THE UK’s top share index closed higher yesterday, boosted by retailers and banks after a sell-off on Tuesday described as “overblown”. At the close, the FTSE 100 was up 45.97 points, or 0.8 per cent at 6,010.44, recouping half of Tuesday’s 1.5 per cent drop and recapturing the 6,000 level. Banks gained after better-than-expected results [...]
JD Sports urges caution despite sales lift April 13, 2011 Sportswear retailer JD Sports Fashion said it was extremely cautious about the future despite bucking the general gloom on the high street to post a 21 per cent rise in year profit. The firm, which trades as JD Sports, Size, Bank, Scotts and Chausport, said Wednesday it made an underlying pretax profit of 81.6 million [...]
JJB eyes £65m share issue to stave off debts March 13, 2011 DEBT ridden retailer JJB Sports is plotting a further £65m fundraising in an effort to reverse its recent financial woes. The Wigan-based firm will tomorrow announce details of a share offering to raise the cash, which is expected to come from existing investors. It will use the funds to give it working capital as it [...]