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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Nevertheless, margins have been maintained despite "adverse pressure", the group said.
JD says that while the full-year performance is "substantially" dependant on the key Christmas period, earnings should be in line with expectations.
BC
-
Charitable giving and inheritance tax: 7 tips to avoid complicationsGiving some of your estate away to charity can save your family thousands in inheritance tax. But common pitfalls could mean your chosen cause loses out and your loved ones are left with a complex nightmare to unravel. We look at how to do donations right.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
