JD Sports

JD Sports has slashed its profit forecasts because widespread inflation and cost-of-living pressures are causing sales of trainers to dive. These economic issues, which include those fueled by the US war on Iran, have hit shoppers’ wallets. Falling sales were noted across important markets such as the US.

Oil prices fell as the US and Iran paused hostilities, leading to declines in energy sector stocks like BP and Shell. AstraZeneca exceeded profit forecasts due to successful cancer treatments, while JD Sports and Vodafone saw share price increases.

The sports store company is closing 175 US locations as part of a reorganization and cost-cutting strategy. The athletic footwear chain had nearly 1,000 stores when JD Sports acquired it in 2024.

A security guard is on the frontline of London's crime epidemic, tackling a mob at a Swatch store and teen yobs at JD Sports, as youths threaten more raids. The guard's actions are a response to the increasing crime rates in London. Youths are threatening to conduct more raids, putting pressure on security personnel.

Thieves from JD Sports are planning more raids in London and sharing tips on TikTok videos, calling for individuals to participate. The group is seeking 'some hitters' to join their activities. This development raises concerns about organized crime in the city.

A group of hooded youths ransacked a JD Sports store before female workers intervened to reclaim stolen clothes. The incident involved a confrontation between the youths and the store employees. The details of the incident are still emerging.

A group of hooded youths ransacked a JD Sports store before female workers attempted to reclaim stolen clothes. The incident involved a confrontation between the youths and the store employees. The details of the event are still emerging.

Mike Ashley admitted to arranging surveillance footage that brought down Peter Cowgill, the former JD Sports chair, who was secretly filmed meeting Footasylum boss Barry Bown in 2021. The footage led to Cowgill's downfall as JD Sports was acquiring Footasylum at the time. The incident involved a breach of sensitive information sharing rules.

JD Sports warns of a drop in profits this year due to weaker consumer spending and concerns over the Middle East conflict, expecting profits between £750m and £850m. The company runs 4,800 stores worldwide, including JD, Blacks, and Millets chains in the UK. Profits fell from £852m in the previous year.