Meanwhile Whelan told The Observer newspaper that Ashley had encouraged him to let the chain he founded go bust. The Sunday Times said that Ashley had made a £80m bid for JJB Sports’ gym club business before Christmas but said that no deal was agreed and that Ashley was subsequently frozen out of the auction, with Whelan given exclusivity on a deal. Sources suggest Whelan will buy the business by Wednesday this week. Rumours are circulating that JJB Sports could be facing administration after its shares plunged nearly a quarter to an all-time low. The future of the entire JJB Sports chain rests on the Whelan deal completing this week – without it JJB Sports will not have the cash to pay its bank loans or its landlords cash due this week and it will collapse into administration. Like-for-like sales for the 22 weeks ended July 1 fell 8 percent, hurt partly by poor weather in its second quarter said JJB Sports, which trades from 180 stores across the UK.Reports over the weekend suggested Sports Direct founder Mike Ashley had written to JJB’s landlords asking them not to reassign leases to Dave Whelan, the original founder of JJB, who is close buying back JJB’s gym business for £70m. sporting goods chain said it reviewed a range of options to provide additional capital and confirmed it is completing arrangements for an equity issue. You can also check if JJB Sports York is open on Thursday by calling it. JJB Sports Plc plans to raise 100 million (161 million) in a share sale. These opening times dont take account of public holidays and of Sundays. The future of JJB Sports and its 4,000 staff hangs in the balance after the sports retailer put itself up for sale in a desperate attempt to plug a funding gap. Select one of the locations for information about opening times today. In total you will find this Sportswear in over 300 cities. Shares in Sports Direct were down 1 percent, while those in JD Sports were down 3 percent by midday. If you want to know if your shop is open these days, you can contact it. JJB Sports has over 430 establishments in the UK, London is the city with the most establishments, followed by Glasgow and Manchester.
JJB Sports shares fell 29 percent on Monday morning. “The bad weather gets a mention, obviously, but JJB also points to unexpectedly poor sales of Euro 2012 shirts etc, which implies that the likes of Sports Direct and JD Sports may have had a difficult time too in recent weeks,” independent retail analyst Nick Bubb said in a note. In August, Dicks Sporting Goods, the newest shareholder in JJB Sports, had to write off the value of. (Reuters) - JJB Sports Plc JJB.L said revenue fell sharply for the first half on lower-than-expected sales of Euro 2012 merchandise and bad weather, sparking fears that other sportswear retailers may also have suffered.īritish sports goods retailers such as JJB Sports, Sports Direct International Plc SPD.L and JD Sports Fashion Plc JD.L hoped to benefit from back-to-back sports events like the Euro 2012 football championship, the Wimbledon tennis tournament and the London Olympics. JJB Sports product line includes equipment for general fitness as well as equipment and accessories for golf, cycling, football, volleyball, hockey, cricket, running, badminton, tennis, rugby, squash, boxing, swimming, camping, fishing and much more. The announcement of the sale of JJB last week followed a tumultuous few months for the company.
0 kommentar(er)
