Sales growth has slowed in the past few weeks
|
JD Sports has announced a 26% increase in full-year profits as sales rose - but it warned tough economic conditions may force customers to cut back. The Bury-based retailer made pre-tax profits of £67.4m in the year to 30 January from £53.6m last year. Like-for-like sales were up 2.5%, though JD Sports said this had slowed to 2% in the ten weeks to 10 April. JD Sports has been looking to expand. Last year it bought the European arm of the rugby shirt firm Canterbury. The firm said it had proved resilient "in the face of less than favourable economic conditions and exchange rates". "We recognise the increasing challenges of strong comparatives and the current economic and fiscal threats to consumers' expenditure," the company added. Its sports shops are JD, Size? and Chausport, which it bought last year. It also said that profit margins had improved at its High Street fashion outlets, Bank and Scotts.
|
One-Minute World News
~RS~a~RS~International~RS~q~RS~~RS~z~RS~52~RS~){kind=small}
~RS~q~RS~~RS~z~RS~52~RS~)
E-mail this to a friend
Printable version
BBC News
Bookmark with:
What are these?