Home / Knowledge / News / Fashion / JD Sports Fashion sales up during Feb 1 to May 30
JD Sports Fashion sales up during Feb 1 to May 30
08
Jun '09
JD Sports Fashion Plc (the "Group"), the leading retailer of sport inspired fashion apparel and footwear and young fashion, releases the following Interim Management Statement for the period from 1 February to 30 May 2009.

On 8 April 2009, in the Preliminary Announcement of the Group's results for the 52 week period ended 31 January 2009, the Group reported like for like sales growth of +0.3% (Sports Fascias -0.2%; Fashion Fascias +3.6%) for the 9 weeks ended 4 April 2009.

We are pleased to report that, after a further 8 weeks of trading to 30 May 2009, cumulative Group like for like sales growth has improved to +1.7% (Sports Fascias +1.2%; Fashion Fascias +4.6%).

Whilst hitherto satisfactory, maintaining the gross margin comparative with the previous year may prove increasingly challenging later in the year, particularly having regard for exchange rate pressures. However, the Board remains encouraged by the progress made so far this year towards achieving results in line with management expectations.

On 19 May 2009, as previously reported, the Group acquired the entire issued share capital of Chausport SA, a retailer of sports footwear in France with 78 small stores, for a total cash consideration of E8.0m, before fees. This strategic acquisition gives JD the opportunity for future growth by entering a new and sizeable European market.

In view of the close proximity of the Annual General Meeting on 25 June 2009, the Group will provide its next trading update with the Interim Results Announcement on 22 September 2009.

JD Sports Fashion Plc


Must ReadView All

Pakistani textile associations want uniform energy pricing

Textiles | On 21st Feb 2018

Pakistani textile associations want uniform energy pricing

Pakistan’s textile industry association representatives have...

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives
Textile industry, India

The event should be organised every year

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search