The retailer refused to comment on what it calls market speculation and rumour

The retailer refused to comment on what it calls market speculation and rumour

UK retailer JD Sports is keeping tight-lipped regarding reports it is eyeing an acquisition of rival retailer Go Outdoors.

According to an article published by Sky News, the retailer is among a number of bidders exploring offers for the UK footwear and equipment retailer. 

Last year JD Sports saw its earnings nearly double, boosted by sales in its sports fashion division and continued expansion across Europe. 

In the year to the end of January, net earnings reached GBP100.6m (US$142.3m) from GBP54m a year earlier. Gross margin was at 48.5%, while pre-tax profit surged 45% to GBP131.6m.

JD Sports FY earnings nearly double amid expansion

The company has declined to comment on the reported acquisition, with a spokesperson telling just-style "JD Sports does not comment on market speculation and rumour."

According to Sky News, the acquisition, if it were to happen, would cement its status as the London Stock Market's biggest sporting goods retailer.