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2 Dec 2008 07:00
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2Β DecemberΒ 2008
JD SPORTS FASHIONΒ PLC
INTERIM MANAGEMENT STATEMENT
JD Sports FashionΒ Plc (theΒ "Group"), the leading retailer of sport inspiredΒ andΒ fashion apparel and footwear,Β today releasesΒ the followingΒ Interim Management Statement:
On 23Β September 2008Β the Group announced a positive like for like sales performance for the 32 weeks to 13 September 2008 of 5.4% for theΒ Sports Fascias and 8.2% for the Fashion Fascias.Β TradingΒ for the 11Β weeksΒ since that date has been more difficult as a result of both strong prior year comparativesΒ in the Sports Fascias (+12.9% for the equivalent 11 week period), and the general economic background.Β For the 11 weeks to 29 November 2008, like for like sales for Group fascias areΒ down 1.0%Β with Sports down 1.8% and Fashion up 3.3% (Bank up 8.7%, Scotts down 6.8%). Cumulative positive like for like sale improvements for the 43 week period to 29 November now stand atΒ Group +4.0% (Sports +3.6%; Fashion +6.7% (Scotts +5.6% and Bank +7.3%)).
The overall performance is not unexpected given last year's very strong comparatives in the Sports Fascias and theΒ Board remains confidentΒ that profit before tax and exceptionalΒ itemsΒ for the currentΒ financialΒ year will meetΒ current market expectations.Β The Group will issue its post Christmas trading update on 9 January 2009.Β
Enquiries:
JD Sports FashionΒ Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Barry Bown, Chief Executive
Brian Small, Finance Director
Hogarth Partnership Limited Tel: 020Β 7357 9477
Andrew Jaques
Barnaby Fry
Ian Payne
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