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JD Sports will reissue nearly €250,000 worth of expired gift card credit to consumers following intervention from a consumer watchdog. The company has agreed to honor thousands of unused gift cards, ensuring customers do not lose their funds.
Mike Ashley, a new investor in Puma, has admitted to playing a role in the removal of Peter Cowgill, the former chairman of JD Sports.
JD Sports quietly closed 61 Hibbett stores last year and plans to close another 175, indicating a significant restructuring of its retail footprint.
JD Sports has issued a warning that its profits are expected to fall in 2026, citing concerns that the Iran war could negatively impact earnings and drive up prices.
The departure of JD Sports' chairman has been met with lament and concern from financial analysts and investors. The news has prompted discussions about the company's future leadership and strategic direction.
Shares of JD Sports fell after the company experienced a "read-across" effect from a warning issued by Nike, indicating potential broader market concerns impacting athletic retailers.
Sports Direct founder Mike Ashley has confessed to arranging surveillance footage that led to the resignation of Peter Cowgill, the former chairman of rival retailer JD Sports.
Analysts observe that JD Sports is undergoing a challenging transition, shifting its business focus from growth to prioritizing cash generation.
JD Sports, known as the UK’s ‘King of Trainers,’ grew into a global powerhouse during the athleisure boom but is now facing boardroom conflict due to slowing sales.
JD Sports is expanding its use of RFID technology across its European operations to improve inventory management and efficiency.
JD Sports has upgraded its listing to broaden access for U.S. investors.
JD Sports has announced higher sales figures but a weaker profit outlook for fiscal year 2026. The company's financial performance indicates a mixed result for the period.
Retail group JD Sports, with 4,800 stores worldwide, has warned that profits are expected to fall this year due to a 'muted market' and potential impacts from the Iran war on consumer spending and prices.
The chairman of JD Sports resigned from his position after reportedly failing to convince the board to oust the company's chief executive officer. The resignation highlights internal disagreements within the company's leadership.