JD Sports Fashion has managed to build a multi-brand platform targeting consumers at the intersection of, as its name suggests, sports and fashion. With Athletic Apparel more generally benefitting from work-at-home trends, what have been the drivers of JD’s performance? In today’s Insight Flash, we examine subindustry performance in both the US and UK, trends for individual JD brands, and which competitors are most likely to be cross-shopped.
In the US, Footwear/Athletic Apparel has shown strong growth over the last three months on a one-year, two-year, and three-year basis. The lift from remote work and quarantine trends has led to 46% spend growth versus three years ago. That hasn’t been the only factor, with growth versus last year still strong at 12%. In the UK, trends have been more moderate, with double-digit subindustry growth on a two-year and three-year basis, but weakness versus last year.
Subindustry Spend Growth
JD Sports Fashion has managed to build a multi-brand platform targeting consumers at the intersection of, as its name suggests, sports and fashion. With Athletic Apparel more generally benefitting from work-at-home trends, what have been the drivers of JD’s performance? In today’s Insight Flash, we examine subindustry performance in both the US and UK, trends for individual JD brands, and which competitors are most likely to be cross-shopped.
In the US, Footwear/Athletic Apparel has shown strong growth over the last three months on a one-year, two-year, and three-year basis. The lift from remote work and quarantine trends has led to 46% spend growth versus three years ago. That hasn’t been the only factor, with growth versus last year still strong at 12%. In the UK, trends have been more moderate, with double-digit subindustry growth on a two-year and three-year basis, but weakness versus last year.
Subindustry Spend Growth
For a company with such a diverse portfolio, JD’s cross-shop could indicate either competitive threats or potential new acquisition targets (of the specific businesses or smaller merchants with similar positioning). In the UK, in the last three months one third of JD Sports brand customers have also shopped at Sports Direct, with high cross-shop at footwear brands’ direct-to-consumer channels as well. About 6% of shoppers also purchased from Footasylum, with the commonality suggesting JD may find ways to keep some of that spend after the divestiture since they already have those customers buying from the JD Sports brand. For the company’s US business, cross-shop is also high with brands’ direct-to-consumer channels, with Foot Locker as the highest multibrand cross-shop.
Cross-Shop
To learn more about the data behind this article and what Consumer Edge Research has to offer, visit www.consumer-edge.com.
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