Leading trainer and sports fashion retailer, JD Sports has approached landlords to seek a switch to turnover-based rents on around 25 of its Bank stores out of a total of just over 80. Some landlords could take stores back early in return for help on a rent deal. Peter Cowgill, Executive Chairman said, “We will take steps to improve the performance of the business.” Increased demand for trainers and casual wear at JD Sports’ 580-store core sportswear business has driven profit growth for the retailer but the fashion arm, which includes chains such as Scotts and Bank, has failed to match the pace.
