JD Sports cuts profit forecast as Régis Shultz turnaround slows

JD Sports has slashed its profit target following a slowdown in sales, as the turnaround led by chief executive Régis Shultz loses steam.  The sports and fashion retailer saw sales performance improve in the UK, but a hit in the US and intense discounting by rivals is dragging on the firm’s profit, it said on…

Home-improvement retailer Lowe’s said on Wednesday it now expects no growth in annual comparable sales, as consumers remained cautious on expensive renovation projects and discretionary spending.