JD Sports shrugs off athleisure jitters with record profits – Telegraph.co.uk
Peter Cowgill, executive chairman of JD Sports, said that there were no signs that demand for athleisurewear was fading and shrugged off the comparisons between the company and Footlocker by highlighting that its US rival had blamed the lack of new trainer models during the quarter from Nike and Adidas, rather than softening customer demand.
“I don’t think this is negative for the long term at all,” Mr Cowgill said. “Like us, Footlocker has had 15 unbroken quarters of sales growth so at some point they are entitled to have a cigarette break. Given that, it probably makes our results even more admirable and pleasing.”