JJB expands into play areas
Thursday 27 April 1995
Sales at a high-street store featuring an activity area that was opened in Birmingham earlier this month have been stronger than expected. The first out-of-town store will open in Rotherham in July and five more are planned for the year.
"We want to expand aggressively," Mr Whelan said. JJB now has 126 stores and a further 24 will open this year.
Results announced yesterday show the company has comfortably beaten the profit forecast made when it floated in November. For the year to January pre-tax profits rose 66 per cent to £7.59m.
The figures came the day after Olympus Sports, the rival chain owned by Sears, announced losses of £2m.
"We know our market and we don't go into fashion areas where something is hot one month and then disappears," Mr Whelan said.
JJB's sales last year increased across all categories of merchandise, including a 35 per cent jump in the sale of replica shirts. Like-for-like sales increased by 14 per cent over the year and by 28 per cent in the eight weeks since the year-end.
Group sales rose by nearly 50 per cent to £60.5m and there will be a 2p dividend. The shares rose 9p to 287p.
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
- 4 James Blunt was special guest on the highest-rating Top Gear episode ever
- 5 The biggest first date turnoff has been revealed
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...