JD Sports beats profit forecasts as it shakes off pandemic hit April 13, 2021 JD Sports today reported full-year profits well ahead of market expectations as trading proved resilient despite the impact of store closures. The fashion retailer booked profit before tax and exceptional items of £421m in the year to the end of January. This was down from £439m the previous year but well ahead of market expectations [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
FTSE 100 closes flat while Wall Street rally loses steam February 9, 2021 The FTSE 100 closed flat on Tuesday afternoon while Wall Street retreated on the back off a record session yesterday. London’s blue-chip index closed 0.12 per cent higher as sterling rose to a near three-month high, largely because the dollar floundered as investors eyed a large stimulus package on the horizon. The FTSE 250 closed [...]
JD Sports raises £464m to fund future expansion plans February 4, 2021 Sportswear brand JD Sports this morning announced it had raised £464.2m which it will use to fund its expansion plans as it eyes acquisition opportunities in new markets. The retailer said that it had placed 58.4m new shares at 795 pence a share, representing about 6.0 per cent of its share capital. The successful raise [...]
JD Sports buys American sportswear brand DTLR Villa February 1, 2021 JD Sports will buy American sportswear brand DTLR Villa, in a deal worth $495m. Based in Baltimore, Maryland, and currently majority owned by BRS & Co. and Goode Capital, DTLR was established in 1982 and is an athletic footwear and apparel streetwear retailer. Originally named Downtown Locker Room, the company later re-branded as DTLR and, [...]
Shakespeare: JD Sports’ athleisure focus leaves them sitting pretty January 20, 2021 JD Sports and Sports Direct are known rivals and their parent companies own most of Britain’s high streets. While both sell many of the same brands, there are marked differences in the companies’ focuses, with JD Sports selling sports-fashion and Sports Direct selling sports equipment and clothing. Earlier in January, JD Sports predicted its annual [...]
JD Sports in talks with Authentic Brands over potential Topshop bid January 13, 2021 JD Sports is reportedly in talks with Authentic Brands, the US owner of Barneys department store, about a potential bid for Topshop following the collapse of Sir Philip Green’s retail empire Arcadia. The firms are in early-stage discussions about a partnership, which would see JD Sports running the operations of an Authentic Brands-owned Topshop, Sky [...]
JD Sports shares pop as firm raises profit outlook January 11, 2021 Sportswear giant JD Sports saw its shares rise 4.6 per cent this morning after the firm announced that full-year profit would “significantly ahead” of estimates. In a trading update, the FTSE 100 firm said that “robust” sales during the pandemic would see it come in ahead of the £295m forecast. That’s despite the fact the [...]
Rangers, Hummel and JD Sports probed by competition watchdog over replica kit pricing December 16, 2020 Scottish football club Rangers are being probed by the UK competition watchdog over the pricing of their replica kits. The Competition and Markets Authority is also investigating Rangers’ former kit maker Hummel and retailers JD Sports and Greaves Sports. The CMA said it’s probe centred on “suspected anti-competitive behaviour in relation to the price at [...]
JD Sports expands US footprint with purchase of Shoe Palace for $325m December 15, 2020 JD Sports has agreed to buy California-based sportswear brand Shoe Palace in an all-cash deal worth $325m (£243.7m), the company has announced. Genesis, the US owner of JD Sports, will acquire the 100 per cent of both Shoe Palace shares, plus members’ interests in youth-focused subsidiary Nice Kicks. Around $100m of the cash consideration, which [...]