Interim Management Statement

RNS Number : 2811N

JD Sports Fashion Plc

09 June 2010

 



9 June 2010

JD Sports Fashion Plc

INTERIM MANAGEMENT STATEMENT

JD Sports Fashion Plc (the "Group"), the leading retailer and distributor of sport inspired fashion apparel, footwear and young fashion, today releases the following Interim Management Statement for the period from 31 January to 5 June 2010, ahead of today's Annual General Meeting.

In the Preliminary Announcement of the Group's results for the 52 week period ended 30 January 2010, issued on 14 April 2010, the Group reported UK and Ireland like for like retail sales growth of 2.0% (Sports Fascias 3.0%; Fashion Fascias -3.5%) for the 10 weeks ended 10 April 2010.

We are pleased to report that, after a further 8 weeks of trading to 5 June 2010, cumulative UK and Ireland like for like retail sales growth has improved to 4.1% (Sports Fascias 5.1%; Fashion Fascias -1.2%). The Sports Fascias performance continues to be satisfactory and has been positively influenced in recent weeks by the upcoming World Cup. It is also pleasing to confirm that the trend of performance in both Fashion Fascias has been positive over the last eight weeks resulting in Bank now showing 0.3% like for like growth over the eighteen week period to 5 June 2010 and Scotts showing a reduced decline of 4.4%. Margins achieved have continued to be encouraging, with particularly satisfactory progress in the Fashion Fascias.

Chausport's good start to the year has continued and the Board remains satisfied with the foundations being built for future profit growth in other recently acquired businesses.

The Group will provide its next trading update with the Interim Results Announcement on 21 September 2010.

Enquiries:

JD Sports Fashion Plc                                                            Tel: [phone]

Peter Cowgill, Executive Chairman

Barry Bown, Chief Executive

Brian Small, Finance Director

Hogarth                                                                                   Tel: [phone]

Andrew Jaques

Barnaby Fry

Ian Payne

 

END

 

 

IMSQVLFBBQFFBBZ