Jjb Sports On the Retreat After Warning Over Profits

Evening Standard - London › August 19, 2004

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Summary

BRITAIN'S biggest sportswear seller, JJB Sports, sent a shiver through the retail sector today as it warned its profits will fall as much as 20% short of City expectations this year, writes Fiona Walsh.

Shares in the group slid 28p to 1881/2p as chairman and founder David Whelan said sales, already under pressure from fierce competition, have been further hit by recent wet weather. Much will depend on the Christmas selling season but the group does not expect to meet City profit forecasts of about Pounds 88 million for the year ending in January.

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Jjb Sports On the Retreat After Warning Over Profits

Whelan warned that t...

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