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Just two weeks after Nike’s profit warning, U.K. athletic apparel retailer warns of sales slump

Por: MarketWatch Business January 04, 2024

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The Manchester-headquartered retailer on Thursday said sales in the peak 22-week period ending Dec. 30 fell behind its expectations, in a trading update. The FTSE 100 company blamed mild September weather and “cautious consumer spending” for its softer-than-expected sales as it slashed its pre-tax profit guidance for the full-year ending on Feb. 3 from £1.04 billion ($1.3 billion) to between £915 million and £935 million.  JD Sports said... + full article



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