Sportswear and fashion retailer JD Sports Fashion predicted a fillip to sales from the soccer World Cup as it beat forecasts with a 26 percent jump in full year profit and hiked its final dividend 65 percent.
British sportswear retailer Sports Direct plans to oppose a fundraising by outdoor goods chain Blacks Leisure, if it can resolve a dispute over the ownership of shares in Blacks and another rival retailer.
Europe's retailers are braced for a tough 2010 amid signs a tentative economic recovery has yet to boost consumer spending and fears high unemployment and low wage growth will dampen confidence in the months ahead.
A better-than-expected Christmas performance from British sportswear and fashion retailer JD Sports Fashion reflected a cut in competitor capacity and a strong product proposition, its chief executive said.
British sportswear retailer Sports Direct is ready to defend its claim to a 28.5 percent stake in outdoor goods firm Blacks Leisure, rejecting a counter claim by administrators of Kaupthing Singer & Friedlander.