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Stock impact report

UPDATE 2-JD Sports to invest $260 mln in U.S. to maintain momentum [Reuters]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: Reuters
JD Sports to invest $260 million in U.S. to maintain momentum | Reuters 4 Min Read (Reuters) - Britain’s JD Sports ( JD.L ) promised on Tuesday to back up its purchase of U.S. chain Finish Line by investing 200 million pounds ($260.7 million) over the next five years after overseas growth helped fuel a 19 percent rise in first-half earnings. The company, now Britain’s biggest sportswear retailer with about 1,500 outlets in 16 countries, could bring forward plans for a continental European warehouse due to Brexit, Chief Financial Officer Brian Small said. Revenue rose 35 percent in the half year to Aug. 4 at the chain, which has benefited from the global trend toward “athleisure” - or wearing sportswear while not playing sport. It said second half sales looked to be continuing in the same vein. “Against a backdrop of widely reported retail challenges in the UK, it is extremely reassuring that the profitability in the UK and Ireland Sports Fascias has been further enhanced,” the compa Show less Read more
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