JD Sports ‘cautious’ over outlook amid inflation rise and strike threats

Despite 8% rise in sales over past six weeks, retailer worries that energy costs will dampen consumer spending

JD Sports has warned it remains cautious" about trading over the coming months as surging inflation and worker strikes threaten to curb consumers' spending power and disrupt its supply chain.

The sports retailer said that although sales over the past six weeks were 8% higher than a year earlier, it was aware that rising prices linked to a jump in energy costs could impact its earnings as shoppers cut spending.