World Footwear

Companies

JD Sports announces new growth strategy for the next 5 years

Feb 3, 2023 United Kingdom
JD Sports announces new growth strategy for the next 5 years
The retailer has announced that is setting in motion a new strategic approach for the next five years, which includes plans to a "significant" retail expansion and brand-new financial growth goals
"Today marks a new, distinct chapter in the growth story of JD as we set our plans to become the leading global sports-fashion powerhouse. Building on our strong existing position and attractive long-term market dynamics, we see significant growth opportunities ahead by expanding JD internationally, notably in North America and Europe", commented Régis Schultz, CEO of JD Sports, at the Capital Markets Event held on 2nd of February.

The UK-based group disclosed that it intends to hit double-digit revenue growth and operating margin in the coming five years, as well as double-digit market share in key regions. Additionally, JD Sports is aiming for a capital expenditure of 500 million to 600 million pounds per annum, with 50% to 60% of spending focused on store expansion in underpenetrated markets; so, 250 to 350 new JD stores are expected to open each year in this period.

"Our track record of disciplined investment and strong retail execution means that JD is extremely well positioned to capitalise on its material headroom for growth globally and continue delivering value for shareholders", concluded Régis Schultz.


Image Credits: retailgazette.co.uk

Related Events

  • Jun
    10
    Jun 10-Jun 12, 2023 | London, United Kingdom

    London Fashion Week

  • Jul
    16
    Jul 16-Jul 17, 2023 | London, United Kingdom

    Pure London

  • Sep
    15
    Sep 15-Sep 19, 2023 | London, United Kingdom

    London Fashion Week

Related Organizations

  • Intertek

    Intertek

    United Kingdom
  • SATRA Technology Centre

    SATRA Technology Centre

    United Kingdom
  • BFA - British Footwear Association

    BFA - British Footwear Association

    United Kingdom
  • The Shoe Museum (Somerset)

    The Shoe Museum (Somerset)

    United Kingdom