JD Sports Fashion plc, more commonly known as JD Sports or JD, is a British sports-fashion retail company based in Bury, Greater Manchester, England with shops throughout the United Kingdom, Europe, the United States, Asia, New Zealand and Australia. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It is a subsidiary of the Pentland Group.
|Type||Public limited company|
|Headquarters||Bury, Greater Manchester, England, UK|
|Peter Cowgill (Executive Chair)|
|Revenue||£6,110.8 million (2020)|
|£516.9 million (2020)|
|£250.7 million (2020)|
|Owner||Pentland Group (55%) |
Aberforth Partners (10%)
Fidelity Management (5%)
Peter Cowgill (CEO) (1%)
Other Minor Shareholders (29%)
Number of employees
The letters JD in JD Sports stand for the initials of the founders of the company, John & David. In 1981, the company was established by John Wardle and David Makin, trading from a single shop in Bury, Greater Manchester. In 1983, the company opened a store in the Arndale Centre in Manchester.
In October 1996, the company was first listed on the London Stock Exchange.
In December 2001 it acquired 209 further stores with the acquisition of First Sport from Blacks Leisure Group.
In May 2005, Pentland Group bought Wardle's and Makin's shares for £44.6M; the pair later resigned from the board. In December 2007, the company bought out Bank Stores, which sold fashion clothing, such as Firetrap, Alu, Henleys & Adidas Originals for around £19M.
JD Sports is the official supplier and sponsor of numerous association football teams, players and associations. In August 2008, JD Sports announced sponsorship deals with Bournemouth, Charlton Athletic, Dundee United, Blackpool, Luton Town & Oldham Athletic. In May 2009, JD Sports acquired Chausport, which operated 75 small stores in France. In addition, JD acquired the rugby heritage brands 'Canterbury' and 'Canterbury of New Zealand' as well as 'The Duffer of St. George' and 'Kooga Rugby' brands.
In January 2011, JD Sports acquired Champion Sports for €19.6M. In January 2012, JD Sports purchased the troubled Blacks Leisure Group from administration for a total of £20 million. In February 2012, JD Sports acquired streetwear clothing brand FLY53, for an undisclosed sum. The same year JD Sports acquired a 40% stake in fashion retailer Tessuti, before acquiring the brand in full in 2016. In February 2013, it purchased Cloggs, a shoe retailer, out of administration however closed it in 2018.
In November 2016, JD Sports acquired GO Outdoors for £112 million. In late 2016, JD Sports Fashion acquired an 80% stake in the Australian retailer Next Athleisure for A$6.6 million. The first Australian JD Sports store opened in Melbourne in April 2017.
In 2017 the company saw 30 per cent rise in sales which was credited partially to growing trends in athleisure.
In March 2018, JD Sports reached a deal to acquire Finish Line for $558 million.
In 2018, JD Sports continued its expansion in the Asia Pacific region. It opened its first store in India on 13 April 2018, It started expanding in other major Indian cities as well. next month. its first Singapore store on 24 May 2018 and its first store in Thailand on 9 November 2018.
In 2020, JD Sports appointed administrators for its Go Outdoors brand, placing additional high street workers at risk amid the COVID-19 pandemic. It then re-acquired the business from the administrators.
In December 2020, JD Sports announced it had bought Shoe Palace for $325 million, boosting the company's shares 5% higher. JD Sports had also acquired Shoe Palace's holdings in Nice Kicks, a website for sneakers.
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- Dagge, John (6 July 2018). "'King of trainers' JD Sports eye Perth market". The West Australian. Archived from the original on 16 January 2019. Retrieved 16 January 2019.
- Powell, Dominic (26 April 2017). "JD Sports looks to unlock "athleisure" niche with Aussie store launch tomorrow". SmartCompany. Archived from the original on 16 January 2019. Retrieved 16 January 2019.
- Burgess, Kate. "JD Sports hits its stride in fashionable shift to athleisure". Financial Times. Retrieved 27 March 2018.
- Sullivan, Conor. "JD Sports profits propelled by fashion for sportswear". Financial Times. Retrieved 27 March 2018.
- Al-Muslim, Aisha (26 March 2018). "UK Retailer JD Sports Fashion to Buy Finish Line for About $558 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 27 March 2018.
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- "JD Sports to open first store in India".
- Tan, Dylan (30 May 2018). "Sneakerheads rejoice, Singapore will have not one but two JD outlets with the first already opened in Jurong". Business Insider Singapore. Archived from the original on 16 January 2019. Retrieved 16 January 2019.
- "JD Sports to open first store in Thailand at Iconsiam". The Nation. 17 October 2018. Archived from the original on 17 October 2018. Retrieved 16 January 2019.
- "JD Sports' Go Outdoors brand likely to enter administration in days". The Guardian. 21 June 2020. Retrieved 22 June 2020.
- "JD Sports buys back Go Outdoors after pushing it into administration". Sky News. 23 June 2020. Retrieved 25 February 2021.
- Reuters Staff (15 December 2020). "JD Sports buys Shoe Palace for $325 million to expand U.S. footprint". Reuters. Retrieved 15 December 2020.
- Martinez, Isa (15 December 2020). "Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective". S&P Global. Retrieved 18 June 2021.