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Pretax profits up 15% as sportswear company presses on with expansion into US

Shares in JD Sports soared to a record high as the retailer unveiled a leap in profits despite the gloom on Britain’s struggling high streets.

Profits jumped 15% to £340m and like-for-like sales – which exclude gains from new shopfloor space – were up 6% in the year to 2 February, making JD a standout performer when some of the biggest names in retail are being forced to close stores amid rising costs and a shift to online spending.

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from US news | The Guardian http://bit.ly/2UmK8Ia