JD Sports bucks retail trend and runs up a record annual profit

Pretax profits up 15% as sportswear company presses on with
expansion into US

Shares in JD Sports soared to a record high as the retailer
unveiled a leap in profits despite the gloom on Britain’s
struggling high streets.

Profits jumped 15% to £340m and like-for-like sales – which
exclude gains from new shopfloor space – were up 6% in the year
to 2 February, making JD a standout performer when some of the
biggest names in retail are being
forced to close stores
amid rising costs and a shift to online
spending.

Source: FS – All-News2-Economy
JD Sports bucks retail trend and runs up a record annual profit