How JD Sports became a 5bn company

Image copyright Newscast

JD Sports has continued its stellar rise after reporting chronicle half-year advantages on Tuesday.

The retailer, which too owns Size, Blacks and Go Outdoors, said pre-tax gains rose by a fifth to PS121. 9m for the six months to 4 August.

The ensues communicated shares in Britain’s biggest sportswear retailer 6% higher to 518 p, leaving the company worth close to PS5bn.

JD has about 500 accumulates in the UK and owns a further 1,700 shops worldwide.

Peter Cowgill, exec chair of JD Sports, said its higher earnings in the UK and Ireland were “extremely reassuring” despite the challenges facing the retail sector.