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JD Sports Fashion has cautioned that annual profits will be at the lower end of forecasts as it warned over the impact of rising unemployment and unusually warm autumn weather.

The group saw sales continue to decline across key markets, including the UK, where like-for-like sales fell 3.3% in its third quarter to November 1, although this was an improvement on the 6.1% drop in the previous three months.

It cautioned over “pressures on our core customer demographic, including rising unemployment levels, as well as near-term volatility around consumer sentiment”.

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JD Sports said that, noting the “importance” of the peak festive trading period, underlying pre-tax profits were expected “within the lo

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