Leisurewear firm reports 13.5% decline in profits in six months to 2 August, with sales drop worst in North America
JD Sports has said consumers’ wallets are “strained” as sales struggled on either side of the Atlantic and the retailer reported a fall in profits.
The company, which sells a range of sports brands including Nike and Adidas, reported a 13.5% fall in adjusted profits to £351m in the six months to 2 August and warned that annual comparable sales will be down compared with its last financial year.
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