UK-based sports and outdoor retailer JD Sports Fashion has revealed plans to spend £500m ($606m) to £600m ($727m) a year to expand its operations over the next five years.
The company published its growth strategy as part of its Capital Markets Event on 2 February.
JD Sports plans to focus 50% to 60% of its planned expenditure over the next five years on store expansion.
The retailer will open 250 to 350 stores each year in key regions, particularly North America and Europe.
In addition, JD Sports aims to deliver double-digit revenue growth and market share in key regions during this period, as well as achieve a double-digit operating margin.
The brand’s growth strategy focuses on four main strategic pillars, namely ‘JD Brand First’, ‘Complementary Concepts’, ‘Beyond Physical Retail’ and ‘People, Partners and Communities’.
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