The Guardian
UK · 1 hrs ago
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JD Sports says Iran war could hit consumer spending and raise prices
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Accuracy 75/100
Partisan intensity 35/100
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Centre / Neutral ⚠ Misleading
JD Sports has warned that profits will fall this year due to weakened consumer spending among young people and concerns about Middle East geopolitical tensions, projecting profits between £750m and £850m.
JD Sports says Iran war could hit consumer spending and raise prices
Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’
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The sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.
The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £8
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