Business
Christmas Trading Update & Board Change
Christmas Trading Update & Board Change.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n John David Sports PLC\n19 January 2000\n \n JOHN DAVID SPORTS PLC \n \n CHRISTMAS TRADING UPDATE \n \nJohn David Sports Plc ('JD'), a leading specialist retailer of fashionable\nbranded sports and leisurewear, today announces an update of Christmas trading\nand a Board change.\n\nChristmas Trading Review\n\nJD are pleased to announce that in the significant Christmas trading period\nthe company has continued its improved trading performance. Total sales for\nthe five week period ended 1 January 2000 were 26.8% above those of the\nequivalent period last year, including a like for like sales increase of\n17.6%. The improvement in gross profit margin from 45.5% to 46.0%, as\nreported in the Interim Announcement on 7 December, has also been maintained.\n\nThe total sales growth for the financial period from 1 April 1999 to January\n2000 is 20.9% including a cumulative like for like sales increase for the same\nperiod of 6.9%.\n\nJohn Wardle, Chairman and Chief Executive, commented: 'I am very pleased with\nthe sales and gross profit improvement achieved by the company in the year to\ndate. We have successfully strengthened all areas of our business. I look\nforward to continued growth and the further development of our retail strategy\nand brand enhancement.'\n\nBoard Change\n\nJohn David Sports Plc announces that David Patrick, Chief Executive, has\nresigned his position with the company by mutual agreement. John Wardle has\nresumed the position of Chief Executive and leads an experienced management\nteam which continues to develop the proven retail strategy of the company.\nPeter Cowgill has reaffirmed his commitment as Finance Director.\n\nEnquiries: JOHN DAVID SPORTS PLC HUDSON SANDLER\n Peter Cowgill Andrew Hayes/James Cracknell\n Finance Director\n Tel: 01706 628000 Tel: 0171 796 4133\n\n \n ","length":2270,"tagName":"div"}]