JD Sports sales up 15% in 48 weeks to 5th January

JD Sports has reported that sales increased by 15% in the 48 weeks leading to 5^th January, with total like-for-like sales growing more than 5% in the same period.

The figures don’t include recently acquired US business Finish Line or Sports Chain in Ibiza.

It has said that it has maintained its gross profit margins and continued its policy of not discounting unnecessarily.

JD Sports launched its first two stores in Thailand and also opened its first JD branded stores in the US, including the conversion of three existing Finish Line stores.  JD is now planning to convert a further 15 Finish Line stores in the first half of 2019.

Peter Cowgill, JD Sports executive chairman, said: “I am pleased with the continued progress of the group both in terms of our performance in existing markets and the recent positive developments in the United States. We are confident that domestically and internationally, in stores and online, our unique and often exclusive sports fashion premium brand offer provides a solid foundation for future development.”