Chairman's AGM Statement

John David Sports PLC 18 September 2000 JOHN DAVID SPORTS PLC CHAIRMAN'S AGM STATEMENT At today's Annual General meeting of the company, John Wardle, Chairman made the following comments:- I reported in the Preliminary Announcement on 14 June 2000 that JD Sports was continuing to enhance its recognised position as the leading design led sports and leisurewear retailer in the UK, and a like for like sales increase of 8% had been achieved in the first 10 weeks of the new financial year. I am pleased to confirm that the company has continued to record a strong like for like uplift in sales resulting in a maintained cumulative increase of 8% for the 24 weeks ended 16 September. I am also pleased to report that despite the high levels of discounting by other sportswear retailers, we have maintained our gross profit margins for the period. JD has continued the successful merchandising development of own brand and exclusive product from the major brand suppliers by further investment in our in-house design capabilities. The extended offering of such ranges together with the expansion of categories such as JD Woman allows the company the opportunity to retail far more effectively from larger sites, as well as our core high street locations. Three additional stores have been opened during the year to date together with one relocation to larger space. This has led to an increase of 13,000 retail sq ft and the company presently trades from 429,000 retail sq ft. A further six store openings and four relocations into larger stores are anticipated before the year end, together with the closure of two clearance stores. The schedule of new store openings for the remainder of the year includes four out of town sites. The strategy of focusing on fashion and style has further differentiated the JD brand from mainstream sportswear retailers and has continued to improve the financial performance of the company. The Board views the future prospects of JD Sports with confidence. Enquiries: Peter Cowgill (Finance Director) Tel: 01706 626433 JD Sports Andrew Hayes/Penny Davis Tel: 0207 796 4133 Hudson Sandler
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