JD Sports shares tumble as slump in US sales sparks second profit warning in three months

The 'King of Trainers' said trading this summer had 'remained tough' as consumers were hit by  'incremental cost-of-living pressures.'

JD Sports cuts profit forecast as US demand slumps  The Times

JD Sports has slashed its profit target as the growth plan led by chief executive Régis Schultz loses steam, sending its share price into a tailspin. The sports and fashion retailer saw sales performance improve in the UK, but a slowdown in the US and intense discounting by rivals is dragging on the firm’s profit,…