The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
JD Sports Fashion said on Wednesday it expected profit to exceed £1 billion ($1.3 billion) for the first time this year as its offer of trainers, joggers and hoodies continues to chime with young shoppers.
The group reported profit before tax and exceptional items for the year to Jan. 28 of £991.4 million — a record result that was ahead of guidance and up from £947.2 million in 2021-22. For 2023-24 it forecast £1.03 billion — in line with current average consensus expectations.
By James Davey; Editor: William James
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Britain’s JD Sports to Buy France’s Courir in $572 Million Deal
The retailer has proposed buying France’s Groupe Courir for an enterprise value of €520 million ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February.
Artists, record labels and music festival organisers are collaborating with coveted labels to design better-quality, fashion-forward merch, sold at higher price points than before.
Rent the Runway and Stitch Fix will give updates on their turnaround efforts. That, plus what else is in store for the coming week.
Krishna Nikhil has stepped down for family reasons after just over 18 months at the helm of eco-innovation brand, the company said.
The luggage and lifestyle brand is expanding its product and marketing strategies while launching collaborations and pop-up stores as its founder, Shay Mitchell, eyes expansion and profitability after five years in business. BoF learns more.