JD Sports new CEO Schultz lays out growth plans

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Reuters API

British sports fashion retailer JD Sports

Schultz took over as CEO in September, following a tumultuous period that culminated in the ousting of long-standing executive chairman Peter Cowgill in May.

The group, which sells the NikeAdidas

It also said it would spend 500 million pounds to 600 million pounds annually, with over half of that allocated to adding between 250 to 350 new stores in underpenetrated markets.

“We see significant growth opportunities ahead by expanding JD