Sportswear retailer’s share price rises to all-time tall after company announces it should surpass City forecasts by 10%Booming sales of trainers have delivered a bumper Christmas for JD Sports Fashion,which said it would beat City forecasts for annual profits. JD’s performance is in stark contrast with bigger rival Sports Direct, founded by billionaire Mike Ashley, and which warned on profits last week,blaming the gentle winter and tough trade on the tall street for worse-than-expected sales.
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Source: theguardian.com