JD Sports sales hit as cost of living crisis sees shoppers shun trainers

The company’s share price dropped by about 14 per cent on Thursday following the update

Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers. JD Sports, which sells a range of sports brands including Nike and Adidas

The retail chain said it was downgrading its profit outlook in a ‘tough’ market.

The retail chain said it was downgrading its profit outlook in a ‘tough’ market.

Ivan Corbett, 37, met Prime Minister Andy Burnham today in Elswick, Newcastle, where he revealed his alcohol and cocaine addiction had plunged him £2,000 into debt

Cost of living crisis: Economists warn 'inflation expected to rise' after shock energy bill hike  GB News