JD Sports Fashion is turning its attention to esports, the booming international video games competition arena. The UK’s biggest athletic sportswear retailer has signed a commercial partnership deal with Excel Esports.
JD Sports Fashion has enjoyed strong sales since late summer with total revenues for the 22 weeks to January 1 up 10%. It also upgraded its profit forecast for the full year after the good trading in H2 so far.
Authentic Brands Group has inked a deal for Reebok to be sold via nearly 3,000 JD Sports stores worldwide, the latest step in the US group’s organisational overhaul of the sport brand before its purchase’s completion.
Missguided on Monday announced that Alteri Investors, the turnaround specialist that focuses on the European retail sector, has made “a significant investment” in the firm. The price of this investment wasn’t disclosed.
JD Sports Fashion is preparing to wave a white flag in its fight to incorporate Footasylum into its business. The UK-based retailer is set to concede defeat in its battle with the Competition and Markets Authority.
Just how strong was Clipper Logistics’ half-year performance to 31 October? Very. Add customer contract wins and impressive organic growth and it’s no wonder revenue jumped by a third and pre-tax profits by an eighth.