JD Sports cuts profit forecast as Régis Shultz turnaround slows

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JD Sports cuts profit forecast as Régis Shultz turnaround slows

JD Sports has slashed its profit target following a slowdown in sales, as the turnaround led by chief executive Régis Shultz loses steam. The sports and fashion retailer saw sales performance improve in the UK, but a hit in the US and intense discounting by rivals is dragging on the firm’s profit, it said on [...]