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JD Sports Sees Decline In Profits But Has Positive Outlook For Remainder Of Year
Like many businesses this year, JD Sports has experienced a rise in digital sales as a result of global lockdowns and a sharp decline in physical sales due to shop closures. However, overall, JD saw decline in profits for both their ‘Sports Fashion’ and ‘Outdoor’ segments but retained 90% of their total revenues. Sports retail powerhouse JD Sports just released their 2020 mid-year results and forecasts for the full financial year closing Feb 2021. If it had to be summed up in one…