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JD Sports set to make profit

JD Sports is expecting to 'significantly exceed' profit targets afer a hectic Christmas sales period.

Crain's Manchester reported that overall like for like sales for the five weeks to January 2 were up 6.6 per cent. The sports stores, JD and Size, increased sales by 5.9 per cent compared with last year and the Bank and Scotts fashion stores were up 9.7 per cent.

Bury-based JD said in a trading update that this was “particularly pleasing when considered in the context of our Christmas trading like for like sales growth in recent years”.

JD's statement added: “The board now believes that current market expectations for group profit before tax and exceptional items will be significantly exceeded though the extent to which this occurs is still dependent on the impact of the prevailing severe weather conditions in the UK.”

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