Reported about 18 hours ago
JD Sports, a UK-based sportswear retailer, has announced a 2% decrease in its first-quarter sales and cautioned that U.S. tariffs imposed by President Trump could further drive prices up and affect customer demand. With nearly 40% of sales coming from the U.S., the company is adapting by diversifying its sourcing countries, although they acknowledge limited visibility on the tariffs' impact. JD Sports is optimistic about shareholder returns despite current market challenges.
Source: YAHOO