Reported 1 day ago
JD Sports Fashion, a British sportswear retailer, saw its shares plummet by 6% amid a market downturn influenced by U.S. tariffs and its significant reliance on Nike. With nearly 40% of its global sales stemming from the U.S. and Nike products constituting 45% of its sales, analysts predict further impacts on the company as tariffs rise on imports from China and Vietnam. JD Sports had already indicated profit warnings due to declining sales in both British and U.S. markets.
Source: YAHOO