Home/global/JD Sports warns Iran war could hit consumer spending and raise prices

JD Sports warns Iran war could hit consumer spending and raise prices

globalMay 7, 20261 min readAttributed summary
JD Sports warns Iran war could hit consumer spending and raise prices
Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’
Reading Settings

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’

  • Business live – latest updates

The sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.

The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January.

Continue reading...

Source: Guardian - World News

Related technology stories

Video shows hundreds held captive after Nigeria mosque kidnapping
Sourced report
theguardian.com1 day ago

Video shows hundreds held captive after Nigeria mosque kidnapping

Gunmen ‌attacked worshippers in Dekara village on Friday taking women, children and older peopleAn armed group has posted a video showing what ⁠residents said were about ⁠600 women, children

2 min briefingRead signal →