all:sports now jd:sports!
Published Monday, October 31, 2005 by JamesBB2 | E-mail this post
So all:sports has finally been taken over, but seems that their name will stay. Rumours also have it now that Charlton can take the remaining money of their sponsorship, they have a clause which means they can change their shirt sponsor with immediate effect. Only time will tell.
:'The owner of JD Sports has bought troubled rival Allsports, a month after it went into administration with the loss of more than 1,300 jobs. The administrator closed 92 stores earlier this month and staff were made redundant at the head office and central warehouses in Bredbury, near Stockport in Greater Manchester.
Allsports was the fourth largest sports retailer in the UK with 270 stores before it was hit by a significant decline in sales and a price war among sportswear retailers. JD has bought the remaining 177 stores, which will continue to trade under the Allsports brand alongside its own JD Sports outlets.
It has also taken on Allsports' debt, believed to be around £18m. The company has also revealed an upturn in profits for the first half of the year from £1.8m to £2.8m. Earlier this month the company warned that trading had been disappointing since July 30 due to increased competition and the London bombings, saying the Christmas period would be crucial.
Executive chairman Peter Cowgill said: "We believe that, since the disposal of the under-performing stores, the remaining Allsports stores offer an exciting opportunity to expand the offering of JD to our customers."'
Could this be our shirt if the stores were to rebrand? Or will the search start all over again?