JD Sports Sees Sales Drop Due to Weak UK Market

Reported about 8 hours ago

JD Sports Fashion reported a significant decline in underlying sales for the second quarter, largely due to weakness in the UK market. While UK sales fell by 6.1%, there was some improvement in North America. Overall, like-for-like sales decreased by 3.0% compared to the previous quarter's 2.0% decline. The company is cautiously optimistic about the second half of the year, foreseeing profits to be lower than the previous year.

Source: YAHOO

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