JD Sports reports sales ‘back on track’

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Retailer John David Group, which owns the JD Sports clothing chain, said sales surged over Christmas as customers bought branded tracksuits and trainers. The company, which reported a loss in the first half, has since shown a “substantial improvement” in sales, margins and cost ratios, said chairman Peter Cowgill. Like-for-like sales in the eight weeks to 7 January rose 4.7 per cent. Sports clothing sales grew six per cent though fashion clothing fell 7.5 per cent.

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