Specialist retailer JJB Sports says it is "cautious" about future trading prospects after England's football team failed to qualify for next year's European Championships.

The UK company said it expected no incremental revenues on the back of the tournament thanks to England - along with the other British national teams - crashing out of the tournament after last week's home defeat to Croatia.

Reporting a 1.6% increase in revenues from its retail operations and health clubs in the first 17 weeks of the second half, JJB warned that it remained "cautious" about current retail market conditions.

Trading results in the second half of the current accounting period are likely to be in line with last year, it said.

Like-for-like revenues were also up 1.6% on last year. The company's retail stores recorded a 0.5% increase in revenue, with like-for-like sales up 1.4%.

"We continue to be cautious about the retail market outlook, both in the run-up to Christmas and into 2008," confirmed JJB non-executive chairman Roger Lane-Smith.