UK’s JD Sports warns on profit in ‘challenging’ market
By Sarah Young LONDON (Reuters) -British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity at competitors hurt sales, and it warned the outlook was “cautious”. Shares in JD plunged 12% in early deals to a near five-year low of 84 pence. JD …
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