JD Sports lifts outlook as shoppers splash out on sportswear

Published by
Reuters UK

By Muhammed Husain and Yadarisa Shabong (Reuters) -JD Sports Fashion raised its annual profit forecast for the second time in four months on Wednesday as shoppers splashed out on sportswear during the holidays and U.S. consumers spent their stimulus cheques on the latest trends. Britain’s biggest sportswear retailer, which has expanded in the United States during the pandemic with the purchase of streetwear retailer DTLR Villa and Shoe Palace, shrugged off supply chain disruptions and new COVID-19 restrictions. “JD Sports has scored a Christmas cracker on a shopping pitch full of obstacles,” s…

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