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Evening Standard
Evening Standard
Business
Mark Banham

JD Sports profits dip but ‘optimistic’ despite economic headwinds

JD Sports advertises its stores on the world famous Leicester Square outdoor site

(Picture: JD Sports)

High Street fashion retailer JD Sports said it was “optimistic” about its future trading performance but that it is not “immune” to the wider economic challenges facing the business or its consumers.

The comments came as the company reported a 19% drop in pre-tax profits to £298 million, for the six months to July, as it was buffeted by the decline in sales after a financial stimulus package in the US boosted consumer spend last year leading to increased sales.

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