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UK's JD Sports Confident on Forecasts after First-half Beat

A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
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UK's JD Sports Confident on Forecasts after First-half Beat

A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo

British sportswear retailer JD Sports Fashion beat a consensus forecast for first-half profit and said it was on track to meet annual guidance, showing its multi-brand strategy working at a time when Nike is struggling.
The FTSE 100-listed group, which sells Nike, Adidas, On, HOKA and other brands in Britain, Europe and the United States, said on Wednesday it would meet targets, despite what it called a competitive and promotional marketplace.
Nike on Tuesday posted disappointing quarterly sales growth and
warned
its holiday season would likely to be filled with discounts.
For the 26 weeks to Aug. 3, JD Sports posted adjusted pretax profit of 405.6 million pounds ($538.35 million), ahead of analyst expectations of 384 million pounds.
"Our success is a direct reflection of the strength and agility of our global, multi-brand strategy, which allows us to adapt swiftly to fast-changing industry trends across the world," Reuters quoted Chief Executive Regis Schultz as saying in a statement.
The group also reiterated its guidance for annual profit of between 955 million pounds and 1.035 billion pounds.

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Tan Leather, Trio of Protestors Parade Hermes Catwalk in Paris

Models present creations by Hermes for the Women Ready-to-wear Spring-Summer 2025 collection as part of the Paris Fashion Week, in Paris on September 28, 2024. (Photo by JULIEN DE ROSA / AFP)
Models present creations by Hermes for the Women Ready-to-wear Spring-Summer 2025 collection as part of the Paris Fashion Week, in Paris on September 28, 2024. (Photo by JULIEN DE ROSA / AFP)
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Tan Leather, Trio of Protestors Parade Hermes Catwalk in Paris

Models present creations by Hermes for the Women Ready-to-wear Spring-Summer 2025 collection as part of the Paris Fashion Week, in Paris on September 28, 2024. (Photo by JULIEN DE ROSA / AFP)
Models present creations by Hermes for the Women Ready-to-wear Spring-Summer 2025 collection as part of the Paris Fashion Week, in Paris on September 28, 2024. (Photo by JULIEN DE ROSA / AFP)

For her spring summer runway show, Hermes designer Nadege Vanhee sent out a parade of mesh crop tops and calfskin coats in tan hues on Saturday, a lineup that was briefly interrupted by three animal rights activists.
The show was kicking off with a series of light, beige looks -- loose trousers, sheer tops and a suede coat cinched in the back -- when the first protestor from the People for the Ethical Treatment of Animals (PETA) group burst on to the catwalk, wielding a sign calling for the label to stop using exotic skins, Reuters reported.
She was wrestled out of a side door by security guards just before the next model arrived, dressed in a buttery leather bomber jacket paired with a high waisted culotte.
Security guards nabbed another protestor who jumped on the catwalk shortly after, rushing her out the same side door in time for the next look -- a sheer top in ivory that matched the model's trousers and handbag.
The parade continued, featuring long sheer skirts unzipped to the thighs, bright pink dresses and belted outerwear.
When a third protestor suddenly appeared, the audience gasped. Her appearance was also brief, and the show continued.
It is not the first time PETA protestors have targeted the French label, known for its highly-coveted Birkin bags, with versions in exotic skins famous for fetching prices reaching as much as several hundred thousand dollars in auctions.
Paris Fashion Week, which started on Sept. 23, features dozens of brands including Dior, Louis Vuitton, Saint Laurent, Chanel and Victoria Beckham, wraps up Oct. 1.
PETA also targeted the Dior show earlier this week for the brand's use of feathers, with just one protestor very briefly entering the catwalk.