Sales of trainers dive as cost of living pressures hit JD Sports performance
Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers. JD Sports, which sells a range of sports brands including Nike and Adidas, said widespread inflation had hit shoppers’ wallets, resulting in falling sales across important markets such as the US, where it struggled to quickly shift trainers and other…
The Guardian
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CurrentWire ranked this story 69.8 of 100 in the snapshot this page was rendered from.
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- 31.8 of 35
- Source authority
- 14 of 20
- Coverage breadth
- 4 of 20
- Geographic relevance
- 10 of 10
- Story prominence
- 10 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 (4), JD Sports (none).
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