JD Sports continued its long run of powerful results reports on Tuesday. And the theme was ‘retention’ as it retained most of the sales and profits that would have happened in stores when it was trading online only.
The New York-based beauty conglomerate has announced the creation of its new Equity and Engagement Center of Excellence. The center will be led by Nicole Monson, who has been with the company since 2014.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
UK shoe giant Clarks has filed its results for its year to February 2020 and the figures show just how much it was struggling even before the pandemic forced its stores to close and sent footwear demand plummeting.
Britain's biggest sportswear retailer JD Sports Fashion is likely to build a distribution centre within the European Union and create around 1,000 jobs there to avoid paying post-Brexit tariffs, its chairman said.
JD Sports said Wednesday it plans to sell about 6% of its shares to build a warchest as the biggest sportswear retailer in the UK seeks further acquisitions. Its current market capitalisation is around £7.95 billion