JD Sports anticipates profit drop due to muted market and weaker youth spending

theguardian.com

JD Sports warns the Iran war could negatively impact consumer spending and increase prices. The global retail group, with 4,800 stores, anticipates a profit drop this year due to a "muted market" and weaker youth spending. While no direct business impact from the Middle East conflict has occurred yet, JD foresees potential cost pressures and indirect effects on pricing and demand.


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JD Sports anticipates profit drop due to muted market and weaker youth spending | News Minimalist