×
195
Fashion Jobs
3FATE TECHNOLOGIES PVT LTD
Production Manager-Garment Manufacturing- Saree, Salwar Suit & Lehenga
Permanent · Kanpur
PUMA
Manager- Ecommerce Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
PUMA
Digital Marketing Manager
Permanent · Bengaluru
EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
Permanent · Noida
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
By
Reuters
Published
Nov 13, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JD Sports seeks cuts in store rents for ailing fashion arm Bank

By
Reuters
Published
Nov 13, 2014

LONDON, United Kingdom - UK retailer JD Sports is asking landlords to reduce rents on some of its Bank stores as it seeks to cut costs at its loss-making fashion division.

Executive Chairman Peter Cowgill said it had now approached landlords to seek a switch to turnover-based rents on around 25 of its Bank stores out of a total of just over 80.


"We will do anything we can to improve the performance of the business," Cowgill told Reuters, adding that some landlords could take stores back early in return for help on a rent deal.

Healthy demand for trainers and casual wear at JD Sports' 580-store core sportswear business has driven strong profit growth for the company but the fashion arm, which includes chains such as Scotts and Bank, has failed to match the pace.

The division posted rising operating losses of 8.2 million pounds ($13 million) for the six months to Aug. 2, with Bank, where management has been overhauled, a particular problem.

Despite the bid to boost its under-performing stores, Cowgill said the Bank business had traded "reasonably well" through a difficult start to the autumn season, with warmer weather hitting clothing sales at many British retailers.

Shares in JD were broadly flat at 1505 GMT at 441.8 pence.

1 US dollar = 0.6355 British pounds

© Thomson Reuters 2022 All rights reserved.