LFL sales slow at JD Sports

published 23 November 2011

High street sports retailer JD Sports Fashion has seen the growth of like-for-like (LFL) sales slow down in the sixteen weeks ended 19 November due to the ongoing troubles facing the everyday consumer.

Since the end of the first half, LFL sales grew by just 0.2% from the same period last year, well under the 3.3% LFL sales growth reported in the first seven weeks of the period.

The group said that its performance has been hurt by the "continuing downward pressures on all elements of discretionary consumer spending and the recent market decline in consumer confidence."