JD Sports' shares down 11% as sales dip in volatile clothing market

Chief executive said the outcome was in line with the group's expectations

Shares in the FTSE 100 group, which sells Nike, Adidas, HOKA and other sports brands, were down 11% in early trading. Issue date: Sunday September 18, 2022.

British sportswear retailer JD Sports Fashion JD.L on Friday reported a 6.4% drop in first quarter sales in its home market, blaming a volatile clothing market, sending its shares sharply lower.

Shares in the FTSE 100 group, which sells Nike, Adidas, HOKA and other sports brands, were down 11% in early trading.