JD Sports has reported a significant decline in profits due to poor weather and ongoing supply chain disruptions stemming from geopolitical tensions in the Middle East.
Sales at JD Sports have notably dropped by 3.6%, while their outdoor kit chain saw a decline of 5.3% linked to delayed product deliveries and an early Easter.
The challenging UK market resulted in established stores reporting a 4.6% drop in sales for JD sportswear, exacerbated by the cold and wet spring weather.
The retail sector is experiencing increased discounting due to reduced footfall and demand for seasonal clothing caused by adverse weather conditions, particularly affecting outdoor living products.
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