JD Sports cuts £50m from profit forecast as cost of living pressures hit trainer sales
Inflation fuelled by Iran conflict deterring shoppers, especially in the US, says high street chain The sports fashion retailer JD has cut £50m from its profit forecast as cost of living pressures, fuelled by the US war on Iran, weighed on sales of trainers. JD Sports, which sells brands including Nike and Adidas, said widespread inflation had hit shoppers’ wallets, particularly its core young shoppers, resulting in a drop in sales across important markets such as the US, where it struggled to…
The Guardian
First coverage
Compiled by CurrentWire News Desk
Summary based on reporting from The Guardian.
In this story
Automated coverage analysis
Generated automatically from the coverage listed on this page. CurrentWire adds no editorial claims.
Coverage
1 publication is covering this story.
How CurrentWire compiled this story
The Guardian (www.theguardian.com), a Tier B publisher, filed this report on .
Signal breakdown
CurrentWire ranked this story 56.5 of 100 in the snapshot this page was rendered from.
- Freshness
- 20.5 of 35
- Source authority
- 14 of 20
- Coverage breadth
- 4 of 20
- Geographic relevance
- 10 of 10
- Story prominence
- 8 of 10
- Velocity
- 0 of 5
Strongest signal: geographic relevance, 10 of 10. How each signal is calculated.
Filed under Business · United States · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Inflation (1).
CurrentWire is a news discovery platform. This page summarizes and links to original reporting; full articles, imagery and copyright remain with the publishers listed above.