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UK activewear label JD Sports is set to withdraw from South Korea after five years of operation, according to Edaily. The retailer was reported to have experienced a deepening deficit since the Covid-19 pandemic, which led to the decision. The source said JD…
British shirt-maker Thomas Pink is set to be revived after former JD Sports executive Nick Preston acquired the brand. According to the Mail on Sunday, Nick Preston has brokered a deal to take control of LVMH’s shirtmaker brand, including its intellectual…
British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Advisory announced on Tuesday. FRP will commence a wind-down of the business, which was founded back in 1778, spelling the end of 12,000 jobs,…
UK sportswear business JD Sports Fashion saw revenue improve 47 percent over the first half of FY20 to £2.72 billion, with global like for like sales growth of 12 percent. The group, which runs the JD Sports chain in Australia, also saw group profit before…
Shares in Footasylum soared after British retailer JD Sports said it had acquired an 8.3 percent stake and could buy nearly 30 percent of its smaller rival. JD, which has used a number of corporate acquisitions to assemble its network of more than 2,400…
Bangkok’s massive IconSiam development will open on November 9, its developers have confirmed. The US$1.67 billion complex being constructed on a 400-metre-long stretch of the Chao Phraya River will feature 14 flagship stores of internationally renowned…
JD Sports saw profits increase more than 17 per cent to £95.4 million (US$124.1 million) in the six months to August 4, from £81.1 million in the previous corresponding period. The sporting retailer saw gross revenue jump 35 per cent to £1.84 billion, from…
The company is working with multichannel in-store and digital production company Immedia on the 24-hour service which is clearly seen as a key development for the retailer. It was officially launched at with a VIP party, with an exclusive live performance by…
UK-based multi-brand sportswear and shoes retailer JD has opened an Ion Orchard flagship. The new 7200sqft store follows the recent opening of a JD’s store at Jurong Point, and offers an expanded range that includes favourite brands such as Nike, Adidas,…
The JD Sports Perth store in Westfield Carousel will open on 30 August and the new store in Brisbane’s city centre will open on 20 September 2018. In April 2017, JD Sports was brought to Australia by local retail agent Hilton Seskin, whose Next Athleisure…
Ahead of its annual general meeting, JD Sports Fashion Plc said in a statement that the Group announced record results for the year ended February 3, 2018 and its board believes that the company continues to be on track to deliver a result for the full year…
JD Sports Fashion Korea will launch with a store in Seoul’s Gangnam district on Friday week. It is the British sports fashion brand’s first venture into the Northeast Asian market since forming a JV with Korean retailer Shoemarker in September. By the end of…
British retailer JD Sports Fashion is to pay US$558 million to acquire America’s Finish Line, one of the country’s largest upmarket sportswear chains. Finish Line, whose sales reached $1.84 billion in the year to March 3, is listed on the Nasdaq. It sells…
JD Sports Malaysia has ventured into the provinces with its first Penang and Malacca stores. The Penang outlet is at Sunway Carnival, and the Malacca store at Mahkota Parade. This follows six other stores for the British sneaker and sportswear retailer in…
British sportswear retailer JD Sports Fashion has formed a joint venture to enter the South Korean market. It is partnering with footwear retailer Shoemarker and its J&S Partners unit, which trades as Hot-T . It has bought an initial 15 per cent of Hot-T fo r…
Sunway Velocity Mall has opened in Cheras, with a catchment of 1.72 million residents including the nearby areas of Ampang and Kuala Lumpur. With a neo-futuristic appearance, the sphere-shaped shopping centre, known as the “KL Orb”, is set to be a landmark on…
