Sportswear firm JJB's profits hit by price war

British sportswear firm JJB Sports today posted a 45% fall in profits as a vicious price war took its toll.

Sportswear firm JJB's profits hit by price war
Thu, 20 Apr, 2006 - 08:55

British sportswear firm JJB Sports today posted a 45% fall in profits as a vicious price war took its toll.

The England-based company said falling sales and heavy discounting at its 438 stores sent operating profits tumbling from £62.1m (€90m) to £34.3m (€49.7m) in the year to January 29.

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