Sportswear retailer JD Sports Fashion reported a 2.4 per cent rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year with the overall market remaining volatile.
The global sports fashion industry is seeing a slowdown this year and there is a high rate of promotional activity in the market. Nike, the world’s biggest sports brand by revenue, warned in June its sales would fall this year, though number two Adidas has fared better.
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