JD Sports Fashion CEO Régis Schultz projects US market will constitute 45% of turnover by 2025.
- The UK market is mature, contributing 20% to turnover, while Europe accounts for 30%.
- Expansion plans include opening more stores in the US and potential ventures in South America.
- Latest trading update shows North America leads growth with a 5.7% increase, Europe follows with 3.0%.
- Overall sales were strong with a like-for-like increase of 2.4% and an organic growth of 8.3%.
JD Sports Fashion CEO, Régis Schultz, anticipates that by the end of 2025, the US market will account for 45% of the company’s turnover. This marks a significant emphasis on the US as a key growth area. The United Kingdom, being a more established market for the company, is expected to contribute 20%, while Europe will make up 30%. Schultz emphasised the maturity of the UK market, noting their considerable market share as the company continues to expand its influence in other countries.
Schultz has expressed plans for further expansion in the United States and a tentative intention to explore opportunities in South America. This strategic growth aligns with the company’s ongoing efforts to enhance their global presence and leverage new market opportunities.
JD Sports recently released a half-year trading update indicating their performance was consistent with expectations on a constant currency basis. North America demonstrated robust growth at 5.7%, and Europe followed with a commendable 3.0% increase. The UK showed material improvement compared to previous quarters.
The company’s financial report noted a 2.4% increase in like-for-like sales and an 8.3% rise in organic sales, which were primarily attributed to the strength of their multi-brand operating model. The report highlighted that although the market remains volatile, JD Sports has maintained promotional discipline and proactively managed inventory to uphold gross margins.
The gross margin for the group during this period was recorded at 48.4%, a slight decline of 30 basis points from the previous year. The reduction was largely observed in apparel and online sectors, where the UK experienced the most significant impact. Schultz expressed satisfaction with the sales figures, particularly the double-digit organic growth in North America and Europe, driven by the JD store rollout programme.
JD Sports continues to strengthen its global presence with strategic expansion and effective market management.
