Wednesday, June 13, 2012
JD Sports like-for-like sales rise
Britain's JD Sports Fashion Plc reported a 1.5 percent rise in comparable sales for 19 weeks, but said operating losses from its Blacks Leisure acquisition will continue to hit its results for the first half. Photo: JD SportsShares in the company were up 4 percent at 631.4 pence at 0800 GMT on Wednesday on the London Stock Exchange. "The market was discounting bad news but like-for-like sales has improved and the scale of the Blacks' losses is where we expected," said Oriel Securities analyst
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