JD seeks “rental realism” as Covid-19 impacts footfall
JD Sports has seen its sales and profits rise and now expects the growth to continue despite the impact of Covid-19. The sportswear retailer reported a sales growth of 30 per cent to £6.11 billion in the year ending February 1, before the lockdown was implemented. Like-for-likes advanced approximately 10 per cent in JD’s core UK and Ireland business. Meanwhile, pre-tax profit rose three per cent to £348.5 million over the year. JD, which last month put its Go Outdoors business through a pre-pack administration, called for “rental realism” as…
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