JD Sports Fashion Should Benefit From Nike's Improvements -- Market Talk

Dow Jones08-08

0745 GMT - JD Sports Fashion's fortunes and share price will likely remain heavily correlated with those of Nike, RBC Capital Markets analysts Richard Chamberlain and Manjari Dhar write in a note. This is due to the importance that the latter has for the U.K. group, particularly in the key U.S. market, the analysts say. Nike's product offering is gradually improving, which is key for JD, they say. The U.K. company generates just under half of group sales from Nike, according to RBC Capital Markets. "We are seeing some green shoots for Nike in the running category," the analysts say. This is helping the company to offset a softer demand for its classic or retro basketball styles, they add. Shares trade 2% higher. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

August 08, 2025 03:45 ET (07:45 GMT)

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