Singapore – Sports fashion retailer JD Sports has announced that is eyeing the acceleration of its brand in the Asian markets of Malaysia, Singapore, and Thailand. This is despite the retailer has withdrawn their operations in South Korea and closed eight chains in the region.

According to a recent investors relation update from the company, JD Sports has finalised the acquisition of their non-controlling interests in the aforementioned markets.

The company also added that its revenue in Asia-Pacific grew strongly by 22% in the period to £230.9m, and 26% on a constant currency basis. Moreover, organic sales growth was also 26% with all countries in growth including Australia, their principal market in the region.

Meanwhile, their operating profit was up 4% to £32.4m as the closure of our South Korea business progressed as planned. They added that going forward, their Sydney distribution centre (DC) will relocate in 2024 to a new, expanded site to ensure that they have sufficient capacity for the next stage of growth. 

Régis Schultz, chief executive officer of JD Sports Fashion, said, “Looking ahead, our core consumers remain resilient in the face of the ongoing global macro-economic challenges. The JD brand continues to strengthen its global presence, supported by our strategic partnerships with much-loved brands and our strong balance sheet.”

It is worth noting that the parent company has acquired the remaining 20% of the issued share capital in its existing subsidiary in Malaysia, JD Sports Fashion Sdn Bhd, for cash consideration of £35.5m back in August. The group now fully owns the issued share capital of JD Sports Fashion Sdn Bhd and its subsidiaries.

Shanghai, China – Renowned sports retailer Decathlon in China has appointed OMD China as its official media agency locally, following a multi-agency pitch. The agency will be taking over its integrated media planning and buying duties across traditional and digital channels for the sports retailer.

OMD China said it was able to clinch the account by displaying a strategic approach to deliver business results through digital and data-led expertise. 

For the remit, the agency will be guided as well by OMD Design, the agency’s end-to-end planning process.

“Over the course of a rigorous selection process, OMD demonstrated their experience and passion for the sports category as well as their advanced strategic thinking with integrated group resources. I’m confident our partnership will result in our brand breaking through in a highly-competitive category and we look forward to working with OMD together for a new journey in the coming future,” said Heddy Yuan, chief marketing officer at Decathlon China.

Meanwhile, Connie Chan, CEO at OMD China, commented that said appointment is a testament to OMD’s strategic approach and their emphasis on placing greater insights and capabilities at the heart of communications planning.

“Coupled with the calibre and passion of the team, we look forward to leveraging the best of our capabilities to drive direct and measurable business impact for Decathlon,” Chan stated.

This appointment comes on the back of OMD China’s recent wins that include UNICEF, BHP and Taro, a Thai snack company.