This assignment will concentrate on two companies of my choice within the retail sector merging.
The companies I have chosen to use within this assignment are:
JJB Sports Plc taking over John David Sports Plc.
Latest share price for JJB Sports Plc at closing on 21st Nov 2003 was 261.00.
The latest share price for The John David Sports Plc was 170.00.
JJB Sports plc is the UK's leading sports retailer. JJB was originally formed in 1971 to acquire the business of a single sports store in Wigan. The original store was established by JJ Broughton in the early 1900's and was then bought by JJ Braddock and then JJ Bradburn. As these initials were all the same the business was known locally as JJB's
They sell mainly sporting items in the stores such as Nike and Reebok .
JJB Sports Plc also operates an expanding Leisure Division, which comprises Health Clubs and Soccerdomes (indoor soccer centres)
JJB's retail success is built around providing quality products for the mass
The first JD Sports shop opened in Bury, Lancashire in December 1981, named after the owners John Wardle and David Makin.
In the year 2002 JD Sports changed its named to John David Sports PLC , and bought the first sport chain of stores and began converting them to JD.
JD Sports records losses of £1.5m
They sell branded items such as Nike and Adidas and more, they also sell their own brand JD sports.
JJB Sports Plc was originally formed in 1971 and is a well established company in the UK it has over 32 years of trading history, this means the company has defined, its place in the UK retail sectors industry and it has retained its place as leading sports retailer in the UK over 30 years.
JJB Sports Plc acquired Sports Division, creating the largest sports multiple, with 475 stores. "http://www.the-list.co.uk" this occurred in 1998,
With this acquirement of sports division JJB Sports established itself as a market leader...