Will JD Sports be able to shrug off problems at Nike? Business Despite a strong set of results, with record revenue and a pick-up in sales, shares in JD Sports fell around five per cent this morning. After a tough year, which included a profit warning in January and £2bn wiped off its market cap, JD reported like-for-like sales growth in the first half of the year [...]
Banned Nike and Sky ads are a ‘warning to retailers’ from the ASA Business The UK’s advertising watchdog has banned ads from Nike and Sky on the grounds that they’re misleading in another sign that the agency has its eyes firmly peeled on the way retailers approach customers online. The ads, the Advertising Standards Agency (ASA) suggested, were designed to lure consumers in and unintentionally spend money. Commercial lawyer [...]
Disney names new chair as home of Mickey Mouse prepares for boardroom battle DISNEY Walt Disney has named Nike veteran Mark Parker as its next chair while snubbing activist investor Nelson Peltz, who the company declined to nominate as a director. This comes after the multimedia giant faced demands from activist investor Peltz for a board seat. Peltz is the head of New York-based Trian Partners, which owns a [...]