All JD Sports Fashion articles
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News briefsGo Outdoors to open Express store in major Newcastle mall
UK retailer Go Outdoors, part of JD Sports Fashion, has confirmed that it will open a store later this year at Metrocentre, one of Europe’s largest shopping malls, in Gateshead, near Newcastle. The shopping mall was opened in 1986 and contains around 330 retail outlets. The store will present itself ...
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News briefsGo Outdoors’ profit drops due to higher operating costs
Go Outdoors Retail Ltd. reported a pre-tax profit of £13.1 million (€15.0m) for the year to Jan. 28, 2023, compared to £21.5 million (€24.7m) in the previous year. The company primarily attributed the drop to property, utility and freight costs, which “increased disproportionately.” The company’s gross margin decreased to 41.5 ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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News briefsJD Sports reveals ongoing expansion plans for outdoor retail division
According to the Retailgazette and Drapers, the multi-channel retail group JD Sports is on a U.K. outdoor store opening spree that is to be continued. Both media reported that the company plans to open more than a dozen new stores this summer in the U.K. The outdoor division of JD ...
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ArticleOutdoor industry stocks declined by 6% in Q3
Public companies involved in the outdoor and bike sectors saw their average share value decline by 6.0 percent between June 30 and Sept. 30 of this year, after rising by 18.9 percent during the first quarter and by 13.8 percent during the second quarter. The sector performed a little better ...
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ArticleJD Sports Fashion’s outdoor segment turns around
JD Sports Fashion reported a record profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound ...
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Data & AnalysisHow outdoor and sports companies are dealing with Brexit
The European Parliament voted on April 27 to approve the agreement signed by the British government and the EU on Christmas Eve to regulate trade relations after the U.K.’s official exit from the European Single Market on Jan. 1. It’s been hard for the companies in our sector, especially the ...
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ArticleLower losses in JD’s outdoor retail operations
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021, in spite of the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before tax and exceptional items of £421.3 ...
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ArticlePentland Brands announces executive changes
(SGI) In an internal promotion, Chirag Patel is taking the place of Andy Long as chief executive of Pentland Brands, the owner of Berghaus, Canterbury, Ellesse, Speedo and other brands, overseeing a re-shaped executive team. Filling a new role, Long will become a director of Pentland Brands’ parent company, the ...
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ArticleJD Sports Fashion outdoor unit narrows losses
JD Sports Fashion reported narrowed interim losses at its outdoor division and was upbeat on future prospects as it pinned hopes on more people taking domestic holidays in the wake of the Covid-19 pandemic. Operating losses closed slightly to £14 million (€15.5m-$18.3m) from £16.4 million in 2019. Sales at the ...
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News briefs
Unsecured Go Outdoors creditors likely to receive only small repayments
We have previously reported on the problems of UK retailer JD Sports Fashion with its struggling outdoor chain Go Outdoors. Shortly after Go Outdoors was put into administration in June and Deloitte was appointed administrator, JD Sports Fashion bought the business back in a pre-pack deal, saying that unfair rents ...
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ArticleGo Outdoors woes hit JD Sports’ outdoor division
UK retailer JD Sports Fashion announced its final results for the financial year ended on Feb. 1 and said annual losses at its Outdoor division widened as it felt the impact of troubles at the Go Outdoors chain. Operating losses at Outdoor were £16.3m (€18.1m-$20.5m), wider than the £4.3m in ...
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News briefs
JD re-acquires Go Outdoors and commits to stores, staff and liabilities
Only shortly after confirming speculations that “strategic options“ for its Go Outdoors subsidiary have been considered, and one day after appointing Deloitte to administer the struggling outdoor chain, JD Sports Fashion (“JD”) has announced that Go Outdoors “has a future in the Group.” JD consequently re-acquired the business and substantially ...
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News briefs
JD subsidiary Go Outdoors is struggling
JD Sports Fashion has confirmed speculation that a number of strategic options for its Go Outdoors subsidiary have been considered and that the directors of Go Outdoors have filed the Notice in Court. This announcement leads to an immediate moratorium around the company and its property, which will last ten ...
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News briefs
JD Sports and Boohoo argue over Kate Smith
JD Sports Fashion has blocked the nomination of Kate Smith as a non-executive director of a rather successful British e-tailer, Boohoo. The big British sports and outdoor retailer didn’t say why it was withholding its consent, but one reason seems to be the fact that Boohoo has been developing strongly ...
