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5/7/2026

JD Sports says Iran war and youth unemployment to hit consumer spending

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’Business live – latest updatesThe sports fashion retailer JD has said that profits will fall this year amid a “muted market” hit by concerns about the Middle East conflict and weaker spending by young people facing rising unemployment.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading...

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Guardian Business

JD Sports warns Iran war could hit consumer spending and raise prices

NEWS

5/7/2026

JD Sports warns Iran war could hit consumer spending and raise prices

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’Business live – latest updatesThe sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading...

JD Sports says Iran war could hit consumer spending and raise prices

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’Business live – latest updatesThe sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading...

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Guardian UK

Energy Crisis Squeezes Asia's Polyester Supply Chain as Workers Flee Surat Textile Hub

Developing

Business·4/25/2026AI summary

Energy Crisis Squeezes Asia's Polyester Supply Chain as Workers Flee Surat Textile Hub

The global polyester supply chain, dominated by Asia, faces mounting pressure from the energy crisis as costs for chemicals and dyes soar. Bindal Silk Mills CEO Avichal Arya reports migrant workers are leaving Surat, India's textile hub, due to cooking gas shortages, threatening global orders. Polyester, which accounts for 59% of global fibre production and is derived from oil, faces further risk from potential Strait of Hormuz disruptions.

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SCMP Economy

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JD Sports says Iran war and youth unemployment to hit consumer spending

JD Sports warns Iran war could hit consumer spending and raise prices

JD Sports says Iran war could hit consumer spending and raise prices

Energy Crisis Squeezes Asia's Polyester Supply Chain as Workers Flee Surat Textile Hub