JJB Sports second half revenues were 6.0% higher than last year with a same-store sales increase of 6.3%. The combined gross margin from both JJB’s retail stores and health clubs increased 170 bps than last year. Total revenue for the 5 week Holiday period, ending December 31, was 4.5% higher than last year. Comps increased 5.4% and gross margins were 210 bps higher.

Looking at only the retail operations, the company said that there has been a “significant improvement” in its retail stores' gross profit. Total retail revenues for the second half were 4.9% higher and gross margins were 130 bps higher. For the 5 weeks holiday period, sales increased 3.5% and margin was up 170 bps.

While the holiday period was successful, management feels that adidas’ and Nike’s shift in UK distribution will benefit them even further. However, management said that the new distribution strategies will likely cause a shortfall in sales for both brands in the UK market as a whole, since their remaining retail partners will not be able to make up the entire shortfall from their canceled accounts.