One insider cited Mr Schultz's track record at digital transformation in the retail sector as one of the factors which had elevated him above other candidates for the job.
Under its previous chief, shares in JD Sports outperformed its peers, with Mr Cowgill having hit upon a successful formula for selling athleisure brands, and growing the business internationally through a string of acquisitions. JD Sports became embroiled in a series of public bust-ups with regulators, most notably over its ownership of the Footasylum chain, which it bought for £90m in 2019.
The Bury-headquartered company is also under scrutiny from the CMA in relation to the sale of Rangers FC replica kit.
Source: News Formal (newsformal.com)
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