JJB Sports warns shares may be worthless

[Mule]

JJB Sports has put itself up for sale and warned its shares may be worthless after the struggling retailer failed to secure a fresh funding injection from investors. The shares immediately fell 71 per cent to 0.67p.

The news raises questions over the long-term future of the sports clothing and equipment chain, which operates from more than 180 outlets and employs more than 4,000 people in the UK and Ireland.

http://www.ft.com/cms/s/0/0cc9c3ec-f...#axzz24yp4INtu


Is JJB no longer the chavs shop of choice then? Or do they just need customers that actually pay for clothes they want?

[evilsatan]

J D sports is where the kids tend to go.

[Over Carl]

J D sports is where the kids tend to go.

Been quite a while since I've been to either but I remember JD's would have a much larger selection of trainers and would even have some designs that were exclusive to them. I only used to pop into JJB as there was a particular style of Nikes I used to like years ago and JJBs had a better selection of that one type.

[cyprus]

JJB from what I remember were always more expensive than everywhere else and had less choice. Won't be missed.

[rIKmAN]

Been quite a while since I've been to either but I remember JD's would have a much larger selection of trainers and would even have some designs that were exclusive to them. I only used to pop into JJB as there was a particular style of Nikes I used to like years ago and JJBs had a better selection of that one type.

Nike Cortez by any chance?

[Sanj[UK]]

Nike Cortez by any chance?

either that or TNs

[Over Carl]

Nike Cortez by any chance?

Yep - didn't know the name till now.

[Mr Men]

Always went to Brantanos or Peacocks for some Hi-Tec or Golas, value for money

[tronads]

JJB just cannot compete with Mike Cashley's Sports Direct.

[funkyg]

This doesnt surprise me.
When Dave Whelan sold jjb he kept some of the stores to form DW Sports. Obviously kept the cream of the stores and left the crud behind.
He's a canny business man!

[pashta]

Sports direct is looking to do a deal to buy the best JJB shops

shareholders will probably not get any returns as the money sports direct will pay (around £30 Million)

will not even cover the debts (£36 Million).

another victim of the recession. how many more businesses will go under before we emerge from this
recession? From my calculations - we have a long way to go before we will come out of this recession

[coin-op]

Nice work trawling up a year-old post. Trying to up your post count by any chance?