Upmarket sports retailer, John David Sports, is planning a major expansion programme after seeing a profits increase by more than a third.

Pre-tax profits for the group for the year ended March 31 increased to £16.5m, while turnover went up 19 per cent to £204.5m.

During the year, JD Sports opened 15 new stores, bringing the total to 140 and plans to increase this to around 300. It plans to do this by opening 15-20 shops a year, in an attempt to step up competition with its rival, JJB Sports.

And JD Sports, which sells brands like Nike, Adidas, Reebok and Fred Perry, says it is looking at the possibility of expanding into continental Europe.

The company says it has benefited from the closure of C&A store and the problems Marks & Spencer has had.