U.K. sporting goods retailer JJB Sports Plc reported a 5.3% fall in first-quarter like-for-like sales. Like-for-like sales at JJB's retail stores fell 6.5% in the 13 weeks to April 27, with revenue at its health clubs up 5.0%. The combined gross margin during the period was 1 percentage point higher.
JJB also said it had completed its store closure program after announcing it was shutting 72 outlets in April..
Roger Lane-Smith, JJBs chairman, said: “Whilst the retail environment remains very challenging, we have taken significant action to strengthen our store portfolio and continue to invest to improve the quality of our stores and product. Our health club division continues to perform well.”
