News

JD Sports rewarded for focus on millennials

JD Sports rewarded for focus on millennials
Business
The sportswear retailer said pre-tax profits rose 15.4% to £339.9m in the year to 2 February, with revenues jumping 49.2% to £4.7bn.

Executive chairman Peter Cowgill told the BBC: "The business has stayed very much in tune with the millennials and Generation Z.

"This is in terms of providing customer experience and customer focus."

The brand has expanded worldwide across Europe, Asia-Pacific and the US.

In Europe, it had a net increase of 39 stores. It opened 34 in the Asia-Pacific region and its first five in the US, including the conversion of four existing Finish Line stores after taking over the business last summer.

Mr Cowgill added: "We are pleased with the continued underlying positive performance of the group and are excited by the major developments ahead."

Richard Lim, chief executive of Retail Economics, said: "These results show that standing out in a crowded market with exclusive products, a unique proposition and placing the experiences at the heart of the store is a winning formula in today s digital age."

He added: "Despite the challenging conditions on the High Street, retailers who continue to thrive are those that have embraced change, invested in digital and listened to their customers to keep products fresh and desirable."
Read more on bbc.com
News Topics :
RELATED STORIES :
Business
The retailer, which also owns Size, Blacks and Go Outdoors, said pre tax profits rose by a fifth to £121.9m for the six months to 4 August. The results sent shares...
Technology
They’ve now expanded again to become a business offering AI driven brand advertising solutions using mobile data to optimize ad campaigns to things like purchase intent, store visits or sales. Today...
Business
Axel Dumas moves up the sweeping marble staircase of the new Hermès store on the Mink Mile, his eyes lingering on the baby calf leather handrails. A week earlier, his luxury fashion...
Business
The traditionally women s atheleisure retailer Lululemon Athletica Inc. announced ambitious plans to double revenues from men s products and digital sales, and quadruple international earnings by 2023. We really...
Technology
“Under the [Memorandum of Understanding], SoftBank Group will seek to support Wirecard’s geographic expansion into Japan and South Korea, as well as providing collaboration opportunities within SoftBank Group’s global portfolio...