Worldreginfo - 37Fa87ce-483D-4988-A873-5E8e066464b9 Worldreginfo - 37Fa87ce-483D-4988-A873-5E8e066464b9 Contents
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WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Contents Overview Highlights 8 Who We Are 10 Where We Are 32 Executive Chairman’s Statement 34 Strategic Report Business Model 40 Our Strategy 41 Principal Risks 45 Business Review 58 Financial Review 60 Property and Stores Review 62 Corporate and Social Responsibility 64 Governance The Board 86 Directors’ Report 88 Corporate Governance Report 92 Audit Committee Report 98 Directors’ Remuneration Report 100 Financial Statements Statement of Directors’ Responsibilities 114 Independent Auditor’s Report 115 Consolidated Income Statement 124 Consolidated Statement of Comprehensive Income 124 Consolidated Statement of Financial Position 125 Consolidated Statement of Changes in Equity 126 Consolidated Statement of Cash Flows 127 Notes to the Consolidated Financial Statements 128 Company Balance Sheet 177 Company Statement of Changes in Equity 178 Notes to the Company Financial Statements 179 Group Information Financial Calendar 192 Shareholder Information 193 Five Year Record 194 Glossary 195 WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 - WorldReginfo Overview WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Highlights Total dividend payable Revenue per ordinary share 2019 £4,717.8m 2019 1.71p 2018 £3,161.4m 2018 1.63p 2017 £2,378.7m 2017 1.55p 2016 £1,821.7m 2016 1.48p 2015 £1,522.3m 2015 1.41p Profit before tax Adjusted basic earnings and exceptional items* per ordinary share* 2019 £355.2m 2019 28.44p 2018 £307.4m 2018 25.15p 2017 £244.8m 2017 19.04p 2016 £157.1m 2016 12.27p 2015 £100.0m 2015 7.78p Profit before tax Net assets 2019 £339.9m 2019 £1,076.8m 2018 £294.5m 2018 £834.3m 2017 £238.4m 2017 £578.8m 2016 £131.6m 2016 £400.8m 2015 £90.5m 2015 £310.0m Throughout the Annual Report ‘*’ indicates the first instance of a term defined and explained in the Glossary on page 195. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 8–9 Group Revenue by Geographical Market US: 21% Rest of World: 5% Europe: 29% UK: 45% Group Revenue by Channel Wholesale: 3% Multichannel: 19% Retail Stores: 78% WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are 1981 1989 JD Sports began with its first store in JD Sports opened its first store in Bury, Greater Manchester. London, on Oxford Street. 2011 2010 JD Group acquired Sprinter, a leading JD Group opened its first European JD Spanish Sport Retailer in footwear, store in Lille, France. apparel and equipment; JD’s first entry into Spain. 2012 The Group expanded into the Outdoor market with the acquisition of Blacks and Millets. There are now over 2,400 stores in 18 countries, including 2018 690 JD stores and The Group acquired Finish Line in the United States, a Sport Fashion the Group continues Retailer with a store presence across 44 states. The Group opened its first five JD stores in the US: Chicago, to expand! Houston, Columbus, Washington and Indianapolis. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 10–11 1996 2005 JD Sports Fashion Plc was listed on the 57.5% of JD Sports Fashion Plc was London Stock Exchange. bought by the Pentland Group. 2009 JD Group acquired Chausport, a French Sport Retailer; the Group’s first international presence and entry into Europe. 2016 The Group launched its first JD store in Malaysia, JD’s first entry into South East Asia. JD is now also present in Singapore & Thailand. The Group opened its first gym as part of JD Gyms; an affordable yet stylish gym concept. 2017 The Group acquired Hot-T, a South Korean retailer of branded footwear. The Group acquired Go Outdoors, the UK “destination” for everything Outdoors. The Group launched its first JD store in Melbourne, Australia. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Always The Leader Established in 1981 with a single store in the North West of England, JD Sports Fashion Plc is a leading international multichannel retailer of sports, fashion and outdoor brands. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 12–13 JD is a specialist multiple retailer of fashionable branded and own brand sports and casual wear combining globally recognised brands such as Nike, adidas, Puma and The North Face with strong own brand labels such as Pink Soda and Supply & Demand. JD is an industry leading retail business with the best of physical and digital retail combined to give a compelling proposition which enables its consumers to shop seamlessly across all channels. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 14–15 JD’s acknowledged strength in its core UK and Republic of Ireland markets is increasingly being complemented internationally with further significant progress in Europe and the Asia Pacific region and the recent entry into the United States. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Established in 2000, size? specialises in supplying the finest products from the best brands in footwear, apparel and accessories. Initially set up to trial edgier product collections before introducing them to the mass market through the JD fascia, the size? offer has since grown to include its own roster of highly sought-after worldwide exclusive product releases. Outside of the UK and Republic of Ireland, size? has stores in Belgium, Denmark, France, Germany, Italy, the Netherlands and Spain. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 16–17 Footpatrol is famous for supplying the sneaker fraternity with the most desirable footwear, apparel and accessories. Specialising in new and classic sneakers, limited editions, Japanese exclusives and rare deadstock, the original Footpatrol store is based in the heart of Soho on Berwick Street and this is now complemented with a second store on the fashionable Rue de Temple in Paris. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Chausport operates throughout France, retailing leading international footwear brands such as adidas, Nike and Timberland to a more family focussed customer through a network of 76 stores and a trading website. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 18–19 Sprinter is one of the leading sports retailers in Spain selling footwear, apparel, accessories and equipment for a wide range of sports as well as lifestyle casual wear and childrenswear. Their offer includes both international sports brands and successful own brands. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Sport Zone is a well-established and leading multi branded sports retailer offering a wide apparel, footwear, accessories and equipment range across multiple sports. The stores in Spain now trade under the Sprinter banner with Sport Zone now principally focussed in Portugal. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 20–21 Sports Unlimited Retail operates in the Netherlands under the Perry Sport and Aktiesport fascias. Aktiesport is the largest sports retail business in the Netherlands with a sharp focus on selling football and lifestyle goods from various brands such as Nike, adidas, Under Armour and FILA. Perry Sport is a sports and adventure retailer with a focus on functional sports, sports lifestyle and adventure simultaneously. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Next Athleisure operates in Australia under the Glue and Superglue retail fascias. Glue and Superglue stores offer cutting-edge streetwear and youth fashion from aspirational brands such as Nike, adidas, Stussy and Deus. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 22–23 Finish Line is one of the largest retailers of premium multibranded athletic footwear, apparel and accessories in the United States. Finish Line trades from 529 branded retail stores across 44 US states and Puerto Rico and is also the exclusive retailer of athletic shoes for Macy’s, one of the US’ premier retailers. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are JD Gyms offers seriously stylish, seriously affordable, award winning facilities across 24 prime locations and plays host to a bespoke mix of industry leading fitness equipment and an exciting range of classes. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 24–25 Tessuti has a vision to become the first choice retailer for branded premium menswear fashion in the UK. With a total of 42 stores and a trading website, Tessuti offers customers a strong mix of relevant fashion brands including Boss, Polo Ralph Lauren, Canada Goose and Stone Island. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Scotts retails fashion and sport led brands with authority to older, more affluent male consumers largely beyond school age, stocking brands such as Lacoste, Fred Perry, Pretty Green and Paul & Shark. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 26–27 Mainline Menswear is an online niche retailer of premium branded men’s apparel and footwear, stocking brands such as Armani, Hugo Boss and Ralph Lauren. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are Blacks is a long established retailer of specialist outdoor apparel, footwear and equipment. Blacks primarily stock more technical products from premium brands such as Berghaus and The North Face, helping Outdoor participants, from weekend family users to more avid explorers, reach their goals, no matter how high. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 28–29 Millets supply a more casual outdoor customer who seeks value for money, providing for a wide range of recreational activities with an emphasis on exclusive brands, such as Peter Storm and Eurohike. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 Who We Are GO focuses on innovation and value, helping people to step into the outdoors whether it’s to go walking, camping, cycling or fishing. From unique product areas to strong exclusive brands such as Hi-Gear, North Ridge and Freedom Trail, GO is constantly looking for fresh ideas to keep things fun. WorldReginfo - 37fa87ce-483d-4988-a873-5e8e066464b9 30–31 Tiso is Scotland’s leading adventure sports retailer specialising in outdoor, mountain, skiing and cycling.