Go Outdoors Faces Financial Challenges Amid JD Sports' Mixed Performance

Go Outdoors Faces Financial Challenges Amid JD Sports' Mixed Performance

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Recent financial results reveal that Go Outdoors, a subsidiary of JD Sports Fashion plc, reported a pre-tax loss for the year ending January 2023, reversing the previous year's profit. Despite a 7% rise in turnover due to increased demand post-pandemic, the company's gross margins suffered, influenced by escalating costs. Meanwhile, JD Sports anticipates lower-than-expected profits due to external factors, though maintaining a positive outlook for their expansive sales strategy.

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Demand for Urgent Investigation: Sh15bn Metropolitan Sacco Scandal Exposes Deep-Seated Issues

Demand for Urgent Investigation: Sh15bn Metropolitan Sacco Scandal Exposes Deep-Seated Issues

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The Metropolitan Sacco scandal involving Sh15 billion in deposits has sparked urgent calls for investigation by the Directorate of Criminal Investigations (DCI). Allegations of corruption and mismanagement have left members concerned about their investments. The board demands transparency and accountability to restore trust.

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