Business

Profits doubled at JD Sports

JD SPORTS Fashion said profits doubled as demand for branded athletic footwear powered an "exceptional" performance in its sports shops. The retailer, which has 580 sports outlets in Europe, said profits for the six months to August 3 jumped to £20 million from £10m a year earlier. The result also benefited from a cut in losses at its outdoor arm, which comprises the Blacks and Millets chains bought out of administration in 2012. However, the 88-strong Bank clothing store continued to trouble the company as JD's fashion division slumped to a deeper loss of £8.2m. Overall, executive chairman Peter Cowgill said the group was well placed to deliver results towards the upper end of market expectations.