RETAIL chain JD SPORTS Fashion revealed another strong performance yesterday after sales growth accelerated in the eight weeks to the end of last month.
Maintaining its edge over rivals JJB Sports and Sports World, the group said like-forlike sales were now up by 1.7% in the financial year to date, compared with the rate of 0.3% seen in early April.
JD warned margins were under pressure due to currency factors, but added it remained confident of meeting internal forecasts for the year to February.
In April, the firm announced a 9% rise in annual pre-tax profits to pounds 38.2m, marking the 'fifth successive year of good progress'.
JD Sports has 400 outlets in the UK and Ireland and recently-bought Lille-based Chausport, a sports footwear retailer with 78 stores. JD has fared much better than its rivals, helped by fashion brands Scotts and Bank and its limited exposure to replica football kit sales..
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