Jul 06th 2012 - Edison Investment Research today published a report on JD Sports Fashion (JD..L, LSE:JD., LON:JD.) entitled "Blacks To The Black?". In summary, the report says:
JD Sports Fashion has carved a solid niche in UK retailing and its recent international expansion makes good strategic sense. But the key to credibility, and the share rating, is its ability to pull Blacks into the black in FY14. It has already flagged a £10m hit to interim profits (due in September), but we see scope for further disappointment on numbers given the challenging economic backdrop. In the medium term the rating looks undemanding if management can work its ‘small box branded retailer’ magic on Blacks, but it may take some time.
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