Company type | Public |
---|---|
LSE: JD. FTSE 100 component | |
Industry | Retail |
Founded | 1981 |
Founders | John Wardle David Makin |
Headquarters | Bury, Greater Manchester, England, UK |
Number of locations | 3,400 stores (31 July 2022) [1] |
Area served | International |
Key people | Andy Higginson (chairman) Régis Schultz (CEO) |
Products | Clothing Sportswear Accessories |
Revenue | £10,125.0 million (2023) [2] |
£509.8 million (2023) [2] | |
£226.7 million (2023) [2] | |
Owner | Pentland Group (55%) Aberforth Partners (10%) Fidelity Management (5%) Peter Cowgill (CEO) (1%) Other Minor Shareholders (29%) |
Number of employees | 51,297 (2023) [2] |
Subsidiaries |
|
Website | jdplc |
JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group [3] is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company. [4]
The company was established by John Wardle and David Makin (hence the name JD), trading from a single shop in Bury, Greater Manchester, in 1981. [5] The company opened a store in the Arndale Centre in Manchester in 1983. [6] Pentland Group bought Wardle's and Makin's shares for £44.6M in May 2005, [7] so acquiring 45% of the business. [8]
Early acquisitions of stores included 209 stores with the acquisition of First Sport from Blacks Leisure Group in December 2001 [9] and 70 stores from the administrators of Allsports in October 2005. [6] Subsequent acquisitions of businesses included:
In addition, the company acquired the rugby heritage brands 'Canterbury' and 'Canterbury of New Zealand' as well as 'The Duffer of St. George' and 'Kooga Rugby' brands. [6]
The company acquired Chausport, which operated 75 small stores in France, in May 2009. It opened its first store in Malaysia in January 2016. [39] The company acquired an 80% stake in the Australian retailer Next Athleisure for A$6.6 million in late 2016. [40] This was followed by the opening of more stores in Australia in April 2017, [41] in South Korea in April 2018, [42] in Singapore in May 2018 [43] and in Thailand in November 2018. [44] The company also acquired 80% of Cosmos Sport, based in Crete, in December 2021 [45] and has launched a joint venture in Indonesia with a store opened in 2022. [46] In August 2023, it was announced JD Sports had acquired the remaining 40% of shares in the Krakow-headquartered footwear and clothing retail chain, Marketing Investment Group. JD Sports acquired the first 60% in April 2021. [47] JD Sports opened its first store in Poland in December 2021. [48] In December 2023, Sports Unlimited Retail, JD Sports' Dutch subsidiary, was declared bankrupt. [49]
JD Sports is the official supplier and sponsor of association football teams, players and associations. In August 2008, JD Sports announced sponsorship deals with AFC Bournemouth, Charlton Athletic, Dundee United, Blackpool, Luton Town & Oldham Athletic. [50]
The company has been the subject of accusations of mistreatment of its UK warehouse staff, with comparisons being made to Victorian "dark satanic mills" and "prison" conditions in 2016 and 2019. [51] [52] [53]
The company pushed its subsidiary, Go Outdoors, into administration in June 2020. [54] It then bought it back from administrators with the creditors losing much of their money. [55]
The company along with Leicester City were placed under investigation by the Competition and Markets Authority (CMA) due to alleged breaches in competition law in September 2021. The investigation was in regard to anti-competitive agreements over the sale of club branded merchandise in the UK. Both JD Sports and Leicester City said they were 'fully cooperating' with the CMA. [56] [57] [58] [59]
After the company acquired Footasylum in March 2019, the CMA carried out an investigation and then, on the basis that the company's ownership of Footasylum might limit competition, ordered the company to dispose of Footasylum. [60] The company and, its subsidiary, Footasylum, were fined a combined £4.7 million after the CEO of JD Sports, Peter Cowgill, allegedly met covertly with the CEO of Footasylum, Barry Bown, on two occasions in July and August 2021 in breach of an order from the CMA not to exchange commercially sensitive information without CMA consent. One of the meetings was alleged to have taken place in a car park in Bury, Greater Manchester. [61] [62] [63]
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
Next plc, trading as Next (styled as NEXT) is a British multinational clothing, footwear and home products retailer, which has its headquarters in Enderby, England. It has around 700 stores, of which circa 500 are in the United Kingdom, and circa 200 across Europe, Asia and the Middle East. Next is the largest clothing retailer by sales in the United Kingdom, having overtaken Marks & Spencer in early 2012 and 2014. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Poundstretcher Limited is a British variety store chain, founded in 1981 by Paul Appell and Stephen Fearnley. The retailer is currently based in Kirby Muxloe, Leicestershire, and since April 2024 has been a subsidiary of the Fortress Investment Group.
TOPSHOP is a British fast-fashion company, which specialises in women's clothing, shoes and accessories. It was part of the Arcadia Group, controlled by Sir Philip Green, but went into administration in late 2020 before being purchased by ASOS on 1 February 2021. It now operates via the ASOS website and app, as well as being sold in Nordstrom stores in the US on Nordstrom.com. TOPSHOP previously had around 510 shops worldwide.
HMV is a British music and entertainment retailer, founded in 1921. In most of the world, the brand is owned by JD Sports and operated by Sunrise Records, except in Japan, where it is owned and operated by Lawson.
Barneys New York is an American department store chain founded in 1923 by Barney Pressman. The company operated full-line department stores in the United States from 1923 until 2020. Authentic Brands Group acquired Barneys' intellectual property in 2019, and has licensed the brand to Saks Fifth Avenue for specialty departments within its flagship stores since 2021.
Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.
The Just Group owns and operates a total of seven retail brands: Just Jeans, Jay Jays, Jacqui E, Portmans, Dotti, Peter Alexander Sleepwear, and Smiggle. The group has over 1,000 stores throughout Australia, New Zealand, Singapore and the United Kingdom.
New rue21, LLC (rue21) is an American specialty retailer of women's & men's casual apparel and accessories headquartered in the Pittsburgh suburb of Warrendale, Pennsylvania. Their clothes are designed to appeal to people who desire, wish, or feel to be 21. In 2013, Apax Partners, a global private-equity firm, acquired the company by funds advised for $42.00 per share in cash. rue21 filed for Chapter 11 bankruptcy protection on May 16, 2017, and emerged on September 22, 2017, after the company's reorganization plan was confirmed by the U.S. Bankruptcy Court for the Western District of Pennsylvania. New owners include hedge funds BlueMountain Capital Management, Southpaw Asset Management and Pentwater Capital Management. In May 2024, rue21 declared bankruptcy again, and their website became unsupportive. As of June 28th, 2024, 7 stores have resigned leases, as part of a stalking horse buyout from YM Inc. Fashion House, a Canadian retailer, while the public assets were up for auction. The company has plans to reopen up to 120 stores within the coming months.
Poundland is a British variety store chain founded in 1990. It once sold most items at the single price of £1, including clearance items and proprietary brands. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, fearing it could adversely affect the local competition. An estimated 7 million customers shopped in Poundland every week in 2016, many being female shoppers in the C1, C2, D and E categories. Following a drop in share price of over 50%, Poundland was acquired in August 2016 by Steinhoff International for £610 million.
Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures.
Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015. Post consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.
Frasers Group plc is a British retail, sport and intellectual property group, named after its ownership of the department store chain House of Fraser.
Avenue Stores LLC was a specialty retailer in the United States offering plus-size clothing to women who wear larger-size clothing. The company serves a target audience of women aged between 25 and 55 years of age, wearing apparel of size 14 or larger, and also sells shoes and accessories. The group operated 222 stores in 33 states in 2019, all under the name The Avenue.
Superdry plc is a British clothing company, and owner of the Superdry label. Superdry products traditionally combine vintage American styling with Japanese-inspired graphics.
Sears plc was a large British-based conglomerate. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It was acquired by Charles Clore in the 1950s who expanded the company to be one of the largest retailers in Britain. It was acquired by Philip Green in 1999 who oversaw the break up of the group.
Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.
Farfetch is a British e-commerce company focused on luxury clothing and beauty products. It operates as a digital marketplace that sells products from several hundred brands, boutiques and department stores from around the world. In January 2024, the company was acquired by Coupang.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.
Boohoo Group plc is a British online fast-fashion retailer, aimed at 16- to 30-year-olds. The business was founded in 2006 and had sales of £856.9 million in 2019.
Full Assignment RC000162070 received on date 06/10/2020 has been recorded, resulting to the change of ownership from HMV (Brands) Limited (id: 588693, country: GB) to JD Sports Fashion Plc (id: 30760, company number: 01888425, country: GB). The effective date of assignment is 22/02/2019.