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JD Sports shares slump 14% after profit warning
The Guardian
|November 22, 2024
Mild weather and discounting by rivals hit sales at JD Sports in October, as the trainers and fashion retailer said profits would be at the lower end of expectations.
The gloomy update sparked a sell-off among investors, sending shares down 14% and wiping about £800m off the value of the FTSE 100 company, which owns the JD chain as well as the outdoor-wear retailers Millets and Blacks in
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