UK: JJB Scores With Manchester United Deal
The six-year deal will see the retailer set aside areas in the majority of its 430 stores for Manchester United products such as soccer shirts, shorts, socks, footwear, and other Red Devils' merchandise from August.
Also on Wednesday, JJB reported a 31 per cent leap in full-year pre-tax profits to £110.2 million before goodwill, from £84.1m in the year-ago period. Turnover climbed 11 per cent to £739.4m while like-for-like sales were up seven per cent.
The Wigan-based company said in a statement total turnover for the first 10 weeks of the current fiscal year was seven per cent up on the year prior and like-for-like sales were up three per cent.
JJB chairman, David Whelan, commented: "I am delighted to be able to report on another year of success for JJB Sports. We have generated solid growth in total turnover and like-for-like sales whilst our policy of targeted price campaigns has resulted in an increased gross margin.
"Although we anticipate trading conditions to be more difficult this year, we remain confident that our business will continue to generate growth and long term value for our shareholders."
He added: "With the business trading in line with expectations, and with sales opportunities to be created as a result of events such as the World Cup and from the Manchester United contract, I am confident of another satisfactory outcome to our financial results in the current year."
Help test our new apparel sourcing tool.
- "Power of the many" drives change at Otto Group
- Hard hit Turkish industry is not knocked out
- China leads US apparel sources with falling prices
- US apparel sector braces for potential cost hikes
- Vietnam grows share of US apparel imports in 2016
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- JC Penney to close 140 stores amid lower sales
- Inditex and H&M boycott Dhaka Apparel Summit
- Bangladesh government steps in on labour crackdown
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022