JD Sports Rebounds in North America
The U.K.-based retailer’s North American revenues from its JD Sports, Finish Line, DTLR Villa and Shoe Palace chains increased 8% to £2,845.6 million ($3,457.6 mm) in the fiscal year ended Jan. 28 from £2,624.2 million prior, while the Macy’s Finish Line shop-in-shops contributed another £280.7 million, flat year-over-year. Organic, constant currency growth was 5%. Adjusted EBIT was down 2% to £317.1 million ($385.3 mm) from £322.2 million, while reported EBIT was a loss of £10.5 million against a profit of £57.9 million due to an intellectual property fee and non-cash movement ... Log in to view full article.