Apr 9, 2025, 4:00 PM
Apr 9, 2025, 12:49 PM
JD Sports braces for volatile trading amid new US tariffs
- JD Sports has warned of potential volatility in trading conditions due to recent changes in US tariff rules.
- The company reported a slight revenue increase despite a challenging market and expects profits to align with forecasts.
- JD Sports remains committed to its operational targets and strategic plans, including opening new stores.
In early February 2025, JD Sports, a prominent sportswear retailer, communicated its concerns regarding anticipated volatile trading conditions stemming from changing tariff regulations in the United States. This apprehension arises as the company generates nearly 40% of its revenues from the US market, where it is more susceptible to economic shifts, especially amid the current financial climate shaped by President Donald Trump's tariff regime. JD Sports emphasized its uncertainty about the full impact of these tariffs on its financial future, highlighting the increasing duty levels on products manufactured in countries like Vietnam, such as Nike trainers, which account for a significant portion of their offerings.
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