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Jdsports, The Biggest Sports Goods Retailer In The UK, Increased By 21% In The First Half Of The Year.

2015/9/22 13:21:00 15

RetailProfitInventorySports Fashion

Recently, Britain's largest sports fashion retail companies JD Sports Fashion released its

first-half earnings report

Sales rose by 21 percentage points to 809 million 900 thousand pounds (about 1 billion 100 million euros) in the first half of August 1st.

On a comparable basis, turnover increased by 10%.

Pre tax profits surged 82% to 46 million 600 thousand pounds (about 64 million euros), compared with 25 million 500 thousand pounds (35 million euros) in the same period last year.

The good performance in the first half came mainly from the contribution of 690 stores in JD Sports, followed by Spain, France, Belgium, Holland and Germany.

Although JD Sports's poor outdoor retail outlets have not yet turned the corner, the deficit has continued to shrink, which has decreased from 5 million 600 thousand pounds in the same period last year to 4 million 500 thousand pounds.

At present, the

Retailer

It has 187 outdoor retail outlets, including 71 Blacks, 96 Blacks, 16 Tiso and 4 newly added Kiddicare, with a total business area of 684 thousand square feet, a 12.5% increase over the same period last year.

In the 2014 fiscal year ended January 31, 2015, the British retail giant's annual profit (before taxes and special items) exceeded 100 million pounds for the first time, reaching 102 million 200 thousand pounds, a 23 percentage point increase over the previous year, exceeding 5 percentage points, and the turnover increased by 1/4 to 1 billion 520 million pounds compared with the same period last year.

In JD Sports, the number of outdoor stores in the 844 largest sports and fashion retailer in the UK is 184.

Due to adverse weather factors, annual sales of outdoor stores such as Blacks, Millets, Tiso and so on in the 2014 fiscal year were about 170 million, with a loss of 4 million 870 thousand pounds, although this figure has decreased from 7 million 980 thousand in 2013, but it is still not a healthy operation.

JD Sports Fashion was founded in 1981, the famous British sports fashion retail companies, the London Stock Exchange listed companies, operating income in 2013 nearly 1 billion 260 million pounds, net profit of 41 million 200 thousand pounds.

Then

In early January 2012, JD Sports announced its successful acquisition of its trading financial assets and part of its subsidiaries from the management of Blacks Leisure group, with a purchase price of 20 million (excluding the cost of the acquisition process).

According to the takeover agreement, the name of the Blacks Leisure group will remain unchanged after the paction is completed.

Blacks Leisure Group acquired assets including original commodities

Stock

, equipment, intellectual property rights, etc.

JD Sports Fashion pays the acquisition fee in cash and bank credit.

In a June 18, 2013 announcement, JD Sports pointed out that in the past few months, although the sales of outdoor chain stores such as Blacks Leisure and Millets had improved, they still sacrificed a lot of profits from the entire group.

In 2013, JD Sports bought a 60% share of Tiso, a Scotland outdoor retailer facing losses, and recently acquired the acquisition of the company to complete the acquisition of Oswald Bailey, an outdoor retailer with 17 chain stores in England.

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