What happened
Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers.
Why it matters
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Global context
The story is being tracked through Global Markets.
Who is affected
Global Markets
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The consequence layer
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What To Watch Next
Three facts to keep in view
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