JD exceeds expectations
UK-based retailer of sport-inspired fashion apparel and footwear, the John David Group Plc (JD) has reported better than expected results for the 44 weeks to December 1. Like for like sales during the period increased 11.8%, although the last seven weeks of this period saw a much lower rate of positive performance.
The company believes profit before tax and exceptional items for the current financial year will exceed current market expectations, although it sees the Christmas trading period as critical to the end result.
The company has also revealed that it acquired 49% of Focus Brands Limited on December 3. The Focus Group designs branded footwear, apparel and accessories.