UK: JJB Reports Weak Summer Sales, Bad Weather To Blame
Sportswear retailer JJB Sports has reported poor sales of summer clothing ranges.
The company said like-for-like turnover dropped 2 per cent in the 29 weeks ended 15 August.
Last month, JJB said same-store turnover was 1.3 per cent lower in the 23-week period ended 4 July.
The company said that bad weather meant it was unable to build on strong demand for replica football kits in Euro 2004.
It said it no longer thinks that market expectations of profits for this financial year can be met.
However, JJB added that it plans to continue to build on its 448-strong English store chain.
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