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Evening Standard
Evening Standard
Anna Wise

JD Sports cuts yearly profit outlook after rivals apply festive discounts

JD Sports JD Regis Schultz NIke
JD Sports has lowered its profit outlook for the year (Jonathan Brady/PA) - (PA Wire)

JD Sports has lowered its profit outlook for the year after flagging a challenging fashion market that saw rivals push through heavy discounting in the run-up to Christmas.

Shares in the company dropped by about a 10th on Tuesday morning following the update.

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