// JD Sports sets out five-year plan to become the “leading global sports-fashion powerhouse”
// It is targeting capital expenditure of between £500m and £600m each year with 50% to 60% focused on store expansion
JD Sports has set out plans to become the “leading global sports-fashion powerhouse” under new CEO Régis Schultz’s five-year growth plan.
The retailer plans to achieve double digit sales growth and double digital market share in key regions. It also wans to achieve a double digit operating margin.
It revealed it would invest between £500m to £600 million per year with 50% to 60% of spend focused on store expansion in underpenetrated markets.
This will lead to between 250 to 350 new JD stores opening each year.
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It also wants to generate £1bn every year in cash from its operating activities.
Schultz said: “Today marks a new, distinct chapter in the growth story of JD as we set our plans to become the leading global sports-fashion powerhouse.
“Building on our strong existing position and attractive long-term market dynamics, we see significant growth opportunities ahead by expanding JD internationally, notably in North America and Europe.
“We will also be enhancing our omnichannel retail offering, investing in technology and analytics, and leveraging our long-term strategic brand partnerships, to better serve more customers.
“Our track record of disciplined investment and strong retail execution means that JD is extremely well positioned to capitalise on its material headroom for growth globally and continue delivering value for shareholders.”
