00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:05 Here are your headlines for this morning.
00:07 JD Sports has reported that trading is challenging at the moment, but it said that things would
00:13 ease up later this year.
00:15 The sportswear retailer said it expects profits to be in line with its previous guidance of
00:20 between £915 million and £935 million before tax and adjusted items in the year to early
00:26 February.
00:27 It came despite a tough January when the business said it had to cope with elevated promotional
00:32 activity.
00:33 The company chose not to participate fully in these sales in the UK and Ireland, which
00:37 were mainly online.
00:38 As a result, like-for-like sales fell by 3.2% in the region in the fourth quarter.
00:44 As an update this morning from JD Sports, it says that trading is challenging at the
00:49 moment but there are hopes that things could get better as the year goes on.
00:54 My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
Comments