JD Sports Fashion has reported impressive revenue achievements for the first half of 2024, highlighting its strategic strength in the market.
- Revenue increased by 5.2% year-on-year, totalling £5bn during the 26 weeks ended 3 August 2024.
- The company opened 83 new JD stores, including its largest ever store in Stratford, London.
- Acquisition of US retailer Hibbett marked a significant step in JD’s international growth strategy.
- CEO Régis Schultz attributes success to a robust multi-brand strategy and operational excellence.
JD Sports Fashion announced it achieved a revenue of £5bn for the 26 weeks ending on 3 August 2024, marking a year-on-year increase of 5.2%. This milestone underscores the company’s effective strategic progress amidst a volatile global market.
In the given period, JD Sports expanded its retail footprint by opening 83 new stores. Among these, the flagship store in Stratford, London, stands out as the largest ever. This expansion is part of a planned rollout aiming for about 200 new store openings within the year.
The completion of the acquisition of US fashion retailer Hibbett is recognised as a pivotal development in JD’s global expansion efforts. This acquisition positions JD to further its reach in North America. CEO Régis Schultz expressed confidence in JD’s growth plans, specifically highlighting North America as a key area for market share increase.
Régis Schultz remarked on the company’s agile response to fast-changing industry trends, crediting the success to JD’s multi-brand strategy and operational excellence. This approach enables JD to deliver an exceptional customer experience both in physical stores and online. “Our success is a direct reflection of the strength and agility of our global, multi-brand strategy,” Schultz stated.
Schultz also acknowledged the hard work and dedication of JD’s global teams as a core factor in achieving these results. He emphasised the strong business model and clear strategy that position JD for sustained long-term growth and shareholder value creation.
JD Sports Fashion demonstrates robust strategic progress and positions itself for continued growth and expansion worldwide.
