Thursday, January 28, 2010

JJB Sports Chairman Steps Down

“Struggling British sportswear retailer JJB Sports was dealt a further blow with David Jones, chairman and architect of its rescue, stepping down to continue his long-running battle against Parkinson's Disease. The firm said on Thursday that Jones, a former chief executive of fashion retailer Next who has suffered from the debilitating neurodegenerative disease since 1982, will step down as chairman on January 31 but will remain a non-executive director. The news came as JJB, which saw suppliers hold back stock as it battled to avoid administration last year, posted further falls in sales and gross margins,...

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