JD Sports warns of fall in profits as shoppers tighten belts
UK retailer is trying to steady itself after exit of chair following a boardroom clash
UK retailer is trying to steady itself after exit of chair following a boardroom clash

The athleisure boom turned JD Sports into a global powerhouse but slowing sales have led to conflict in the boardroom

Andy Higginson stepped down this week after pushing for CEO Régis Schultz to be replaced

Sportswear group’s softer than anticipated outlook stirs concerns about multiyear turnaround plan

Sportswear group says latest earnings numbers reflect financial effects from corporate turnaround programme

Buyers stayed away during the crucial annual buying period amid pessimism over geopolitical tensions and the global economy

Firms that got in early enough made some quick gains, new arrivals will need to play for longer