Under pressure: JD sales hit by clearance sell-off timing and Eid festival

Shares in JD Sports came under pressure yesterday after the retailer said it was facing “margin pressure” and that comparative sales will be impacted by the timing of the Muslim festival of Eid. The firm said th ate id, which marks the end of Ramadan, meant it had to adjust the timing of its clearance period. “Therefore, we do not believe our like-forlike store sales comparatives will be truly meaningful until the end of the first half,” JD noted in an update. It said it continues to expand across the uk and overseas.