Jjb Sports Shops Shut As Profits Plummet ; Retail

Summary


THE depression on the High Street deepened today as one of the country's best-known sportswear retailers JJB Sports said it is to close nearly a fifth of its stores with the loss of 800 jobs after a 70% plunge in profits.

Most recent trading at the chain is no less gloomy, down 3.5% on a likefor-like basis.

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Extract


Jjb Sports Shops Shut As Profits Plummet ; Retail

Chief executive Chris Ronnie, who took over running the company from its founder Dave Whelan, the Wigan At...

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