Athletic footwear and apparel retail group JD Sports has said it is putting plans in place to double its revenues, currently around £8.5 billion per annum, in the course of the next five years. 

At a capital markets event on February 2, the company said it would also double its operating margin and invest between £500 million and £600 million in capital expenditure each year, with 50% or 60% of that investment going into store expansion in “under-represented markets”. 

This will mean opening between 250 and 350 new stores each year.

Chief executive, Régis Schultz, said: “We see significant growth opportunities ahead by expanding JD internationally, notably in North America and Europe.”

Share this story: