Jun 2, 2022
JD Sports: Cowgill’s exit will be a fitness test in a consumer slowdown
One such was the sudden exit in May of Peter Cowgill, who led the JD Sports retail group as executive chair for 18 years. Cowgill built an empire dubbed the "King of Trainers" and had ruled over the executive and oversight teams since 2004. Cowgill joined the business as finance director in 1996 and forged exclusive deals with big trainer makers Nike and Adidas to keep JD ahead of peers. Cowgill, who managed to increase earnings during the financial crisis, might be missed in a slowdown. Analysts are still pricing in record earnings per share for JD over the coming 12 months.
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