JJB sales fall
Total sales for the first half were lower than the same period last year which were helped by the World Cup.
Total revenue for the 24 weeks to 15 July was 3.9 per cent lower than previously and down 4.1 per cent on a like-for-like basis.
Taking out revenue from replica products, which have been affected by the World Cup in 2006, total revenue increased 1.8%, including a like-for-like increase of 1.4%. JJB is looking to increase its proportion of own brand revenues and since joining JJB as Deputy CEO on 8 June Chris Ronnie, who has particular responsibility for product development and sourcing, has been undertaking a review of JJB’s existing brand arrangements and JJB is considering a number of opportunities. Roger Lane-Smith, JJB’s Non-executive Chairman commented ‘We have now passed through the trading period which included the very difficultcomparatives of the 2006 World Cup. I believe that despite these tough comparatives our trading results have been satisfactory.
