COVID-19 Impact on JD Sports and its future prospects
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The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on JD Sports & its future prospects.
As per GlobalData forecasts, JD Sport’s revenue growth rate has been revised from 22.0% to -6.0% for 2020 – a US$0.4bn decline over the pre-COVID 2020 forecast for the group.
Though it had to close down its stores across Europe and US during the COVID-19 pandemic, its websites kept accepting and fulfilling orders across its various territories and thereby reduced the negative impact of the pandemic on its profits.
Scope
– A strong positioning ahead of the COVID-19 crisis
– Sales through online channel continues to fuel growth amid pandemic
– A call for greater flexibility in property leases by landlords
Reasons to Buy
– Use our revised 2020 forecast for JD Sports to understand how it will perform this year.
– Use our charts to review how JD Sports's sales are split by region globally and how these regions have been impacted by COVID-19.
– Use our in-depth analysis to review how JD Sports has responded to COVID-19 and how this will affect its performance.
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