JD Sports Plans Aggressive Store Growth
The British retailer will focus most of its expansion in North America and Europe, and plans to open 250 to 350 new JD stores per year over the next five years, focusing on its core banner, under new CEO, Régis Schultz. Schultz presented the five-year growth plan to analysts and investors at JD’s Capital Markets day. Over the period, JD is targeting double-digit revenue growth, double-digit market share growth in key regions, and double-digit operating margins. JD expects to generate £1 billion a year in cash and about 50% to 60% ... Log in to view full article.