There was some good news for footwear stores on Tuesday as shoe sales were a bright spot in an otherwise bleak March retail sales report. But non-food sales still lagged other sectors, the latest BRC figures showed.
In sports, it’s all about winning and JD Sports Fashion certainly won the sales/profits race last year. It prospered on the athleisure trend, on digital growth and investment to ensure brands want it to sell their goods.
The Connecticut-based company plans to close a number of stores as part of a deal with Sports Direct. The UK-based sporting goods retailer is analyzing the performance of Eastern's stores to decide which to acquire.