JD Sports news and archive

What to expect in fashion news from week 3, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 3rd week of the year. Below are the main points from the editorial agenda in the period between 14-20 January, 2019. Milan Fashion Week Men’s and White Street Market (14 January) This week will begin with with the...

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VIdeo: 'Always The Leader' JD Sports Xmas Ad

Source: JD Sports, YouTube.

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JD Sports CFO Brian Small to retire

JD Sports Fashion Plc has announced that its Chief Financial Officer Brian Small will retire from his role from October 31. “The JD Board has been in discussion with Brian for the past few months regarding his proposed retirement and wishes him all the best for the future”, said the company in a statement. Small joined JD Sports in 2003, after...

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JD Sports reports 26 percent growth in H1 EBITDA

In its interim results statement, JD Sports Fashion Plc said that the company witnessed another record result for the half year with Group EBITDA increasing by 26 percent to 171.8 million pounds and profit before tax increasing by 19 percent to 121.9 million pounds. The company added that total like for like sales increased 3 percent against a...

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JD Sports completes The Finish Line acquisition

JD Sports Fashion Plc has said that it has formally completed the acquisition of The Finish Line, Inc. In March, JD Sports had entered into a conditional acquisition agreement to acquire 100 percent of the issued share capital of The Finish Line at a price of 13.50 dollars per share in cash, valuing Finish Line's total equity at approximately...

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Sports Direct refutes media claims it stands to gain 80m pounds from Finish Line deal

London - Sports Direct, the UK’s largest sportswear retailer, denies media claims that it is set to gain close to 80 million pounds from a deal JD Sports Fashion has made to acquire US sporting retailer The Finish Line Inc. Sports Direct previously built up a 19.3 percent stake in Finish Line. Rival JD Sports signed an agreement in March to...

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Sports Direct set to gain nearly £80m from Finish Line deal with rival JD Sports

London - UK sportswear retailer Sports Direct is reportedly set to gain close to 80 million pounds from a US deal, which sees its rival JD Sports acquire US athletic retailer The Finish Line Inc. Sports Direct has quietly built up a 19.3 percent stake in Finish Line according to documents. At the moment Mike Ashley's sports good chain hold...

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JD Sports Fashion to acquire US retailer The Finish Line

London - JD Sports Fashion PLC is set to acquire US athletic retailer The Finish Line, Inc. in a deal worth approximately 558 million US dollars (396 million pounds). The British retailer has entered into a merger agreement, which sees the retailer acquire 100 percent of the issued and outstanding Finish Line shares at a price of 13.50 US...

Management

The European Commission approves JD Sports and Sports Zone merge

The European Commission has dismissed any previous competitions concerns and approved the merge of British JD Sports and Sports Zone, creating the second largest sports apparel retailer in Spain and Portugal. The deal, announced in September, got the European Union’s legislative body’s approval on Thursday, as the European Commission understands...

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JD Sports enters into a joint venture with South Korean footwear retailer

London - JD Sports Fashion has shaken off fears of a nuclear threat from North Korea by entering a joint venture agreement with South Korean footwear maker SMK, which sees JD Sports Fashion acquire 15 percent of the multi-branded retailer Hot-T for 5.5 million pounds. As part of the joint venture, JD Sports Fashion has the option to acquire an...

Management

JD Sports H1 revenues jump 41 percent

Total JD Sports’ revenues increased by 41 percent in the period to 1,367.2 million pound (1,803 million dollars) for the 26 weeks ended July 29, 2017, while like for like store sales for the period across all group fascias, including those in Europe, increased by approximately 3 percent. Profit before tax for the first half increased by a...

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JD Sports founders to sell stake in Footasylum chain

The families of John Wardle and David Makin, the men behind sportswear giant JD Sports, are reportedly set to receive 40 million pounds from the sale of their stake in high street retailer Footasylum. Both the Makins and the Wardles are shareholders in Footasylum, which was founded by the two back in 2009, four years after they sold their shares...