JD Sports has a happy Christmas, but outdoor fascias continue to underperform

JD Sports’ like for like sales for the seven weeks to January 5 were up 3.2 per cent, but performance at outdoor fascias Blacks and Millets remains disappointing.

Says executive chairman Peter Cowgill: “Christmas 2012 has seen another very robust performance from our core sports fascias.

“Both international development in the sports fascias and multichannel development throughout the group represent significant continuing growth opportunities.

“In addition, while the performance of outdoor has been disappointing, we remain confident that this business will produce future returns.

“As evidenced by results throughout recent years of considerable change, the core of our retail group remains very strong.

“Trading in recent weeks has been the strongest we have seen for some time.”

JD said its group year end results, to be published on April 17, are likely to be towards the lower end of current market expectations, which is currently £60 million.

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