JD Sports

British-based JD Sports will spend up to 3 billion pounds ($3.7 billion) to open as many as 1750 stores over the next five years, said new CEO Régis Schultz ...

The group already has that market share position in Britain, Ireland and Australia. Register for free to Reuters and know the full story The expansion should help JD Sports grow revenue by more than 10% on average over the next five years, with the group also aiming to deliver a double digit operating margin during the period and cash generation of 1 billion pounds per year. That will mean spending between 500 million and 600 million pounds per year, JD said, with up to 60% going on opening between 250 and 350 new stores each year across its key regions. He wants JD Sports' market share in those geographies to grow to more than 10%. [(JD.L)](https://www.reuters.com/companies/JD.L) will spend up to 3 billion pounds ($3.7 billion) to open as many as 1,750 stores over the next five years, said new CEO Régis Schultz, outlining his plans for the retailer to become an athletic leisurewear "powerhouse".

Régis Schultz, who joined the retailer from Dubai-based Al-Futtaim Group last August, has set out growth plans for the group “notably in North America and.

Schultz said: "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. [£500m and £600m a y](https://www.drapersonline.com/news/jd-sports-christmas-sales-rise)ear over the five-year period to facilitate its expansion plans, focusing 50% to 60% of spend on 250 to 350 new JD Sports stores opening annually in "under-penetrated markets". Régis Schultz, who joined the retailer from Dubai-based Al-Futtaim Group last August, has set out growth plans for the group “notably in North America and Europe” and to create an omnichannel retail offering by investing in “technology and analytics”.

It said it would continue to invest in the UK but new stores would be across Europe and North America.

Mr Schultz added: “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. The company said its five-year strategy will see it expand its shops estate with 250 to 350 new JD stores each year. We think there is potential for up to 600 stores in the US and 400 to 500 in Europe, which will include France, Italy, Germany and Spain.”

JD Sports Fashion PLC (LSE:JD.) is planning to add 250 to 350 new stores annually for the next five years as part of its growth strategy. At a capital...

"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." “We will also be enhancing our omnichannel retail offering, investing in technology and analytics, and leveraging our long-term strategic brand partnerships, to better serve more customers.” “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,” said Schultz in a statement.

(Alliance News) - JD Sports Fashion PLC on Thursday said it expects to generate GBP1 billion in ...

In its financial 2022 report, JD Sports had said it planned for capital expenditure of GBP325 million to GBP375 million for financial year 2023, which ended this past Saturday, at least 31% higher than the year before. We will also be enhancing our omni-channel retail offering, investing in technology and analytics, and leveraging our long-term strategic brand partnerships, to better serve more customers. Chief Executive Officer Regis Schultz said: "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.

The plan also includes double digit revenue growth, market share in "key regions" and operating margin. JD Sports is also targeting capital expenditure of ...

JD Sports added that the performance in these businesses through the Christmas period, both in stores and online, was "particularly impressive" with total revenue growth over the six-week period to December 31, 2022, of more than 20%. [the end of 2022](https://www.business-live.co.uk/retail-consumer/jd-sports-sells-15-retail-25772551), the group agreed to sell 15 of its brands to Mike Ashley's Frasers Group for almost £50m. The retail giant's revenues in its organic retail businesses "strengthened" through the second half of its financial year with total revenue growth for the 22 weeks to December 31, 2022, of more than 10%. [January 11](https://www.business-live.co.uk/retail-consumer/jd-sports-eyes-international-growth-25947135), JD Sports revealed a successful Christmas trading period has put it on track to post profits of almost £1bn. In an update to the London Stock Exchange, JD Sports said it is aiming to put its JD brand first, focus on "complementary concepts" and "people, partners and communities" as well as look "beyond" physical retail. JD Sports is also targeting capital expenditure of between £500m and £600m every year with 50% to 60% focused on store expansion in "underpenetrated markets" with 250 to 350 new JD stores per year.

The company is counting on its mortgage-free younger customer base to achieve ambitious double digit revenue growth.

JD Sports plans to invest up to £3 billion opening up to 1,750 stores worldwide under plans that will be a vote of confidence in bricks and mortar retail ...

JD Sports owns the Tiso outdoor clothing and accessories brand which was launched in Edinburgh. Some new stores will open in the UK, but the bulk of the investment will be aimed at he US and Europe over the next five years, he said. JD Sports plans to invest up to £3 billion opening up to 1,750 stores worldwide under plans that will be a vote of confidence in bricks and mortar retail estates.

Shares in sports fashion retailer JD Sports Fashion surged on Thursday as the company revealed it is aiming to grow revenues and margins by double digits ...

"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. The plan also includes capital expenditure of £500m - £600m a year with 50% - 60% of spend focused on store expansion in underpenetrated markets with 250 - 350 new stores a year. 17:14 02/02/23