LONDON, May 9 (Reuters Breakingviews) - Retreat is the most common strategy of top retail chief executives.
On Tuesday, the near-$11 billion British purveyor of sportswear splashed out 520 million euros ($571 million) on French sneaker seller Courir.
Regis Schultz, JD’s French boss, is planning to spend more of the company’s 1-billion-pound ($1.3 billion) cash pile on further international expansion.
Sales of exercise equipment, gym wear and running shoes are set to double to $1 trillion by 2030, according to Straits Research.
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