JJB Sports

Article Abstract:

JJB Sports has increased stocks and improved buying terms following the acquisition of Sports Division and initial distribution problems. Sports Division stores are being rebranded and 51 smaller stores have been closed down, while 19 larger stores have been opened. Replica soccer kits account for a smaller proportion of the turnover, while footwear and clothing account for some 75% of sales. The company is also investing in its Soccerdrome projects, with the Wigan Soccerdrome opened in Jun 1999.

Sporting goods industry, JJB Sports PLC

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Country Casuals: stripping down

Article Abstract:

Country Casuals is to sell non-core activities after a profit warning. The core business performed poorly over Christmas 1996 and operating profit will drop to 3 million pounds sterling to Jan 1997. Group profit will drop to 100,000 pounds. The company had forecast a profit of 1 million pounds in Nov 1996. Elvi, a producer of outsize clothing which is expected to make a loss, is to be sold, as is Lerose, also forecast to make a loss though improving its position.

APPAREL AND OTHER TEXTILE PRODUCTS, Apparel & Related Products, Apparel Manufacturing, Country Casuals Holdings PLC

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Hennes and Mauritz

Article Abstract:

The performance of Hennes and Mauritz is examined in detail. The company retails fashion products world wide and benefits from a strong brand, though sales in some older markets have slowed.

Hennes & Mauritz AB

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