Profits at JD Sports Fashion and Sainsbury’s are set to be near the top end of expectations after the retail pair delivered robust trading updates today.
JD reported revenues growth for the 22 weeks to 31 December of more than 10%, which compared with growth of 5% over the first half of its financial year.
Sainsbury’s said trading in general merchandise had been stronger than expected, with overall like-for-like sales growth of 5.9% in the 16 weeks to 7 January reflecting inflation and “relatively resilient” volume trends.
