"JD Sports Fashion, reporting a 6.4% year-on-year profit decline, warns of cost pressures and weaker consumer demand from Middle East tensions, though no direct exposure."
JD Sports Fashion, reporting a 6.4% year-on-year profit decline, warns of cost pressures and weaker consumer demand from Middle East tensions, though no direct exposure. The company expects pre-tax earnings between £750m and £850m for the next year, citing heightened uncertainty and potential inflationary impacts on transport and distribution costs, affecting discretionary spending like sportswear and footwear.
Read at London Business News | Londonlovesbusiness.com
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