JD Sports activities revenue falls amid rising inflation and provide chain woes

Pre-tax income at JD Sports activities got here in at £298.3m in the course of the interval, a fall of 18%, and down from £364.6m the 12 months earlier than. Photograph: Press Affiliation

JD Sports activities (JD.L) noticed its shares fall greater than 4% in London after it reported a droop in income within the first half of the 12 months.

The sports activities retailer blamed rising inflation and provide chain points affecting worldwide manufacturers, which dragged down the inventory of trainers.

Though the outcomes have been on the high finish of its expectations, pre-tax income got here

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Nike provide chain issues in Vietnam may imply challenges forward for Dick’s Sporting Items

By Tonya Garcia

Manufacturing unit lockdowns in Vietnam will final till the tip of the month, in accordance with Wells Fargo

Nike Inc.’s provide chain slowdown may additionally put the brakes on Dick’s Sporting Items Inc.’s momentum, in accordance with Wells Fargo, which says it prefers Academy Sports activities and Outside Inc. as an alternative.

The unfold of COVID-19 drove manufacturing facility closures in Vietnam, the place a lot of the athletic gear for corporations like Nike (NKE), Adidas AG , and newly public On Holding AG is made.

Issues are on the rise about what this and different provide

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