JD Sports says Iran war and youth unemployment to hit consumer spending
by Sarah Butler from World news | The Guardian on (#75F22)
Retail group with 4,800 stores worldwide expects drop in profits this year amid muted market'
The sports fashion retailer JD has said that profits will fall this year amid a muted market" hit by concerns about the Middle East conflict and weaker spending by young people facing rising unemployment.
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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