Weather kind to JD Sports
12 April 2012
JOHN David Sports joined the list of retailers reporting a busy Christmas and New Year, helped by a combination of dry weather and low interest rates.
Total sales for the retailer of brand-name trainers rose by 21% and like-for-like by 3% in the five weeks to 5 January - last time it was 17% and 7%.
Gross profit margin improved modestly, said chairman John Wardle, adding that former Reebok senior vice-president Roger Best, 49, is joining the board as a non-executive.