JD Sports

Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports.

The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).

This week, Missoni appoints a former Giorgio Armani executive to CEO, while Condé Nast hires its first ever global chief communications officer.

The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.

The move comes after trade bodies wrote a letter to Chancellor Rishi Sunak seeking rental support.

The Competition and Markets Authority said Britain's biggest sportswear retailer had failed to address initial concerns that the acquisition could be bad for shoppers.

The Mike Ashley-owned retailer, which is likely to be a key player in the next phase of the antitrust investigation, has long been irked by major brands favouring rival JD Sports with their best ranges.

The sportswear retailer has successfully targeted younger consumers who are driving the athleisure trend.

Britain's biggest sports retailer reported better-than-expected full-year earnings and like-for-like growth despite British retail sector slowdown.

The British sportswear chain has weathered the retail storm thanks to its international footprint.