Latest news with #JD Sports
Yahoo
4 days ago
- Business
- Yahoo
JD Sports Opens Las Vegas Strip Flagship Store, PHOTOS
JD Sports is continuing to focus on building its North American business with its latest store on the Las Vegas Strip. On Saturday, the UK-based athletic retailer debuted its third U.S. flagship store next to the recently opened Adidas and Puma locations in the new BLVD retail development on Las Vegas Blvd. More from WWD JD Sports Lands on Las Vegas Strip as UK Retailer Doubles Down on North America Kering's First Generation Award x Jewelry Winners Revealed at JCK Get to Know the Couture Show Design Atelier Freshman Class of 2025 The nearly 29,000-sq.-ft. store joins the company's other American flagship stores in New York City and Chicago. See all the photos of the new store below. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
Daily Mail
13-06-2025
- Business
- Daily Mail
Tax hikes will force retailers to push up prices, cut jobs and halt shop openings retail chief warns Rachel Reeves
has been warned that further tax hikes will cause retailers to push up prices, cut jobs and halt shop openings. The latest alert was issued by Andy Higginson, the chairman of JD Sports and the British Retail Consortium industry group. He said 'all' retailers have already been left 'looking to reduce their labour forces' following a barrage of tax rises this year. And now firms fear another raid after the Chancellor's spending review on Wednesday. Concerns that bosses are set to be hammered at the next autumn Budget were ignited after Ms Reeves said she had failed to shrink the public spending 'envelope'. Major retailers, including Morrisons, Tesco and Sainsbury's, have already axed staff. Firms have had to grapple with higher cost pressures in the wake of measures introduced in the Chancellor's autumn Budget. A sharp rise in employer national insurance contributions (NICs) and a big hike in the national minimum wage mean retailers face a £5 billion higher bill after the Budget, according to the British Retail Consortium. Firms have also been disappointed by the Government's lack of urgent action to reform business rates. Mr Higginson told Radio 4's Today programme: 'You have seen immediately the impact of the changes made in April, the slowdown that has come straight through to the economy.' He warned that in the end the Government's tax hikes 'do work through' the supply chain, meaning consumers pay more. Describing the influx of rises introduced in April as a 'tax on jobs', Mr Higginson added: 'All the retailers I know have been looking to reduce their labour forces.' It comes as dismal employment figures published this week revealed UK payroll numbers have shrunk by 276,000 over the past seven months. But in recent days, the Chancellor and Prime Minister have claimed that Labour has 'fixed the foundations' of the economy.
Yahoo
11-06-2025
- Business
- Yahoo
Some Investors May Be Willing To Look Past JD Sports Fashion's (LON:JD.) Soft Earnings
JD Sports Fashion Plc's (LON:JD.) earnings announcement last week didn't impress shareholders. However, our analysis suggests that the soft headline numbers are getting counterbalanced by some positive underlying factors. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Importantly, our data indicates that JD Sports Fashion's profit was reduced by UK£224m, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. If JD Sports Fashion doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Because unusual items detracted from JD Sports Fashion's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think JD Sports Fashion's earnings potential is at least as good as it seems, and maybe even better! And the EPS is up 33% annually, over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For example - JD Sports Fashion has 1 warning sign we think you should be aware of. This note has only looked at a single factor that sheds light on the nature of JD Sports Fashion's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
09-06-2025
- Business
- Forbes
JD Sports Builds On Hibbett Acquisition And Opens Largest Store Yet
Usain Bolt opened JD Sports' largest store to date down the road from its Manchester offices. It's fair to say that when JD Sports goes, it goes big. After several years when U.K. sports and fashion retailer JD Sports could just not stop expanding, the Hibbett-owner is switching lanes from the 100 metres to long distance running as CEO Régis Schultz consolidates on what has been a remarkable rise in the U.S. and internationally. Usain Bolt was the guest of honor as JD Sports opened its largest store to date down the road from its Manchester headquarters in north west England at the weekend, but it is the U.S. which is now the company's biggest market. And while many British brands have stumbled as they attempted to win over American consumers, JD Sports has hardly put a foot wrong since making its first acquisition and in just a few short years it now leads the pack. 'It has been a fantastic story for us. In 2018 we bought Finish Line and we turned around this business. We bought Shoe Palace, DTLR and Hibbett and now have a business of $6 billion annually,' Schultz said. 'We built a business that came from nothing to be bigger than the market leader.' He believes that many rivals focused too heavily online and stopped investing in their stores, a trend accelerated by the pandemic, which allowed JD Sports to bring something different as 'the new kids on the block, bringing, modernity and something fresh and with a different proposition, with a bigger apparel section.' Footwear only stores missed out on the lifestyle opportunity and the consumer desire to mix and match different brands, he stressed. North America is now JD's largest market, with a mix of fascias depending on where the company sees the best brand resonance. The company has nearly 350 JD Sports rebranded storefronts and around 257 stores still branded as Finish Line, plus 256 concessions in Macy's. The billion dollar acquisition of Alabama-based Hibbett added 1.169 stores across 36 states but the strength of the brand domestically means it will retain its fascia. JD Sports is focused on bigger and better stores. 'We will be continuing to convert our runway for the coming five years, continuing to convert Finish Line stores. There are still over 200 stores to convert to JD, plus opening new stores," Schultz said. It is anticipated to hit a global profit before tax of $1.25 billion and JD now has nearly 4,900 stores worldwide, including in the U.S., Canada, U.K., France, Italy, Australia, Spain and Portugal. The differing brand approach reflects how JD Sports sees its most effective connection with the consumer after the U.S. team from Finish Line saw something that made JD Sports different and decided to push for a change of brand. 'This is quite rare, and I think it will be a business case in 10 years time, having the guts to do it. And they did it, and very well,' Schultz reflected. As a result, the Finish Line name will only remain at Macy's, where it attracts a different customer who is typically a little older and more biased towards females. Indeed, national coverage also comes with demographic nuances, with Shoe Palace connecting on the west coast and in the south with Hispanic customers and the apparel ranges at DTLR focused more on black American shoppers, especially around basketball culture. 'A key learning is a strong back office, we are leveraging the back office in the U.S. for finance and HR, and through the acquisitions have introduced a strong discipline to deliver more than $25 million of synergies that we plan mostly around logistics. We were at capacity in Indianapolis, so we invested in a new warehouse, so now we are west coast, south and Midwest. We have five years of capacity, whereas we were at max when we made the acquisition, and it gives us to the ability to deliver better service,' he said, stressing that the key for online delivery is stores. 'It is the best model, especially in the U.S., it's cheaper to fulfil from store. Unless you are Amazon, with a warehouse in every town, leveraging your store is a much better model, much more efficient, because it increases your stock turn in your store," he said. "It increases your ability to sell, it's a win, win. And we believe that the best proposition for the consumer. What we're seeing is that it's the only channel position where they can go in store, they can come pick up in store, they can receive from online.' The U.S. has not been a happy hunting ground for many established U.K. retailers, and Schutlz puts JD Sports' success in part down to choosing acquisitions for expansion and having a U.S. management team. In addition, he points out that trends in fashion and sports are global. 'We keep evolving. We are not fixed on one model, and we keep what is great. Every store is the opportunity to do something different and at Trafford Centre [the mall location of its new flagship in Manchester] we can put all the brands that we dream of in the store, because it's near, it's 15 minutes from our offices, so let's give the opportunity for the buyer, for the merchandizer, for the property guy, for the concept guy, to have something which is too big. Being too big means that you can test new products. You can test new brands. And that is really the idea behind the store,' he said. While most stores will not be at the scale of the Manchester flagship, he believes that some of the digital elements, the differentiation between the male section and the female section, plus new checkouts, may well influence new stores, although domestic store expansion has largely reached maturity. 'I want to make sure that we continue to have the best stories possible, and it will be bigger and better,' the JD Sports boss said. "I think that size matters in a world where omnichannel is important, the store experience needs to be an experience. And if you are in a bigger store, you get a better experience. You also have more product, more availability. We have 35,000 pair of shoes in the store. So it's highly likely that you will find the shoes that you want to take away right away,' he stressed.
Yahoo
24-05-2025
- Business
- Yahoo
Is Weakness In JD Sports Fashion Plc (LON:JD.) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at JD Sports Fashion's (LON:JD.) recent performance, when its stock has declined 11% over the past week. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study JD Sports Fashion's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Our free stock report includes 1 warning sign investors should be aware of before investing in JD Sports Fashion. Read for free now. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for JD Sports Fashion is: 16% = UK£540m ÷ UK£3.4b (Based on the trailing twelve months to February 2025). The 'return' is the amount earned after tax over the last twelve months. That means that for every £1 worth of shareholders' equity, the company generated £0.16 in profit. See our latest analysis for JD Sports Fashion We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. At first glance, JD Sports Fashion seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 8.2%. This probably laid the ground for JD Sports Fashion's moderate 12% net income growth seen over the past five years. We then compared JD Sports Fashion's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 8.2% in the same 5-year period. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for JD.? You can find out in our latest intrinsic value infographic research report. JD Sports Fashion has a low three-year median payout ratio of 12%, meaning that the company retains the remaining 88% of its profits. This suggests that the management is reinvesting most of the profits to grow the business. Moreover, JD Sports Fashion is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 8.5% over the next three years. Regardless, the ROE is not expected to change much for the company despite the lower expected payout ratio. In total, we are pretty happy with JD Sports Fashion's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
