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Evening Standard
Evening Standard
Anna Wise

JD Sports cautions that Iran war could weigh on profits and push up prices

JD Sports blamed a ‘tough consumer backdrop’ for weaker sales in the UK (Jonathan Brady/PA) - (PA Archive)

JD Sports Fashion has cautioned that the war in the Middle East could push up prices and weaken consumer demand if it leads to higher costs, as the retail giant reported a drop in its annual earnings.

The fashion and sportswear chain, which has 4,811 stores worldwide, said the uncertainty about the geopolitical situation could weigh on its profits in the year ahead.

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