The Trainers Have Fallen: A Warning Sign for Global Consumer Confidence JD Sports' decision to cut its profit forecasts has sparked concerns that global consumer spending is in trouble. But what's behind this decline?
And what does it say about our collective psyche? The sports fashion retailer's struggles are not surprising, given the current economic climate. Widespread inflation has squeezed shoppers' wallets, leading to a 3.
1% drop in like for like sales across its operations worldwide. The North America market took the biggest hit, with sales plummeting by 6. 8%.