JD Sports is 'cautious' about trading through the year, as UK inflation soars

The FTSE 100 company said pre-tax profit fell to €339m for the six months ended July 30, compared with €418m a year earlier.

A branch of JD Sports on Oxford Street, central London.

JD Sports warned it would remain cautious about trading through the rest of the fiscal year as sky-high inflation crimps consumer spending, although the UK's biggest sportswear retailer reaffirmed its annual profit outlook.

The company's comments compound concerns about Britain's cost-of-living crisis, after rival fashion retailers Primark and Asos and online supermarket Ocado Retail all warned about their profits this month.