JD and Cham­pion top €110m sales

Irish Examiner - - Business - Gor­don Dee­gan

Com­bined rev­enues at the firms op­er­at­ing the JD Sports and Cham­pi­ons Sports brands topped €110m last year but prof­its fell.

Fol­low­ing the pur­chase by UK firm JD Sports of Cham­pion Sports seven years ago, be­tween them, John David Sports Fash­ions Ire­land and Cham­pion Sports Ire­land op­er­ate 23 shops in Ire­land.

New ac­counts show that John David Sports Fash­ions Ire­land posted rev­enues of €95.26 mf or the 53 weeks to the end of Fe­bru­ary 3, up 10% on the pre­vi­ous year.

JD Sports op­er­ates 19 stores and the ac­counts show that the firm posted pre-tax prof­its of €12.66m, down 4% in the year. The di­rec­tors said the risks in­creased af­ter the UK 2016 ref­er­en­dum to quit the EU.

“Brexit and its as­so­ci­ated risks will re­main high on the board’s agenda as the changes to be­come ne­go­ti­ated be­come clearer”, they said in the re­cently signed off ac­counts.

Num­bers em­ployed by the JD Sports firm last year in­creased from 559 to 631, and staff costs rose from €9.3m to al­most €10.2m.

The profit at the com­pany takes ac­count of non-cash de­pre­ci­a­tion costs of al­most €1m and in­creased leas­ing costs of €7.34m.

Sep­a­rate ac­counts for the Cham­pion Sports firm show that pre-tax prof­its dropped 10% to €2m, as rev­enues fell by 3% from €14.3m to €13.9m.

The di­rec­tor sat the com­pany, which op­er­ates four stores in Ire­land, said it will con­tinue con­vert­ing the last of its Cham­pion stores to the JD brand.

“Once a store has con­verted into the JD fas­cia it will trans­fer into John David Sports Fash­ion Ltd,” it said.

Staff num­bers at Cham­pion Sports com­pany fell from 105 to 100, while staff costs in­creased from €1.65m to €1.68m.

The firm’s op­er­at­ing lease ren­tals came to €1.44m.

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