Just two weeks after Nike's profit warning, U.K. athletic apparel maker warns of sales slump

Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market following Nike’s warning of a drop in consumer spending last month. JD Sports Fashion JD, -23.06% has cut its profit guidance, citing weaker-than-expected sales during its peak trading period.The Manchester-headquartered retailer on Thursday said sales in the peak 22-week period ending Dec. 30 fell behind its expectations, in a trading update. The ...