JD Sports cuts full-year profit outlook as US sales fall amid weak consumer demand and ongoing market promotions, impacting shares and growth forecasts. Read more at straitstimes.com. Read more at straitstimes.com.

JD Sports has slashed its profit target and posted slowing sales, as the turnaround led by chief executive Régis Shultz loses steam.

The retail chain said it was downgrading its profit outlook in a ‘tough’ market.

Second-quarter sales see steeper decline