JD Sports warns Iran war could hit consumer spending and raise prices
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Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’
The sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.
The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January.
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