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الاقتصادية
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JD Sports cuts profit outlook by 700-800M pounds
British company JD Sports has lowered its profit forecasts for the fiscal year 2026/2027 to between £700 million and £800 million, compared to its previous estimate of £750 million to £850 million, with a prior profit of £852 million in the previous fiscal year. This downgrade comes as a result of declining sales in its main market, North America, where store sales fell by 3.1% over the weeks ending August 1. The decrease is attributed to weak consumer confidence, postponed back-to-school shopping, as well as a sluggish footwear sector and the ongoing impact of promotional offers. Following the announcement, shares declined, with varied performance across markets, overall dropping by 12%.
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