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In May, they had fallen 0.8% from April, and that figure was downwardly revised from a 0.5% fall.Įxcluding fuel, retail sales fell 5.9% yearly in June, following a 5.5% decline in May. On a monthly basis, sales fell 0.1% in June from May.
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The figure was worse than the FXStreet-cited market consensus of a smaller 5.3% fall.
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The cost-of-living crisis also was evident, however.Īccording to the Office for National Statistics, UK retail sales volumes fell 5.8% annually in June, worsening from a 4.7% decline in May.
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The update from JD Sports came as figures as UK retail sales data for June painted a mixed picture, with the sector seeing a slight Platinum Jubilee holiday boost. JD Sports in July 2021 had bowed to shareholder pressure over its corporate governance, agreeing to split Cowgill's controversial joint role of chair and CEO. In May, Peter Cowgill, then executive chair, left the company. It is still on the hunt for a chief executive. The output from this will be a detailed plan and resource requirements assessment for a programme of works which will ensure compliance with the various regulatory obligations and greater conformity with the Corporate Governance Code," it said.Įarlier in July, JD Sports named Andy Higginson as chair. "The group has now commenced a control, risk and compliance target operating model review. JD Sports also updated on governance matters, following a "three-month intensive programme of works". Pretax profit before exceptional items more than doubled to a record GBP947.2 million in financial 2022 from GBP421.3 million in financial 2021. It backed full-year guidance, expecting headline pretax profit before exceptional items for the current financial year ending January 28 to be "in line" with financial 2022 year. (Alliance News) - JD Sports backed annual guidance on a day that brought mixed reports on the UK's wider retail sector.Īhead of the athleisure retailer's annual general meeting on Friday, JD Sports said sales up to late June, the first five months of its financial year, were 5% higher annually on a like-for-like basis.