Struggling JJB Sports puts itself up for sale
LONDON (Reuters) – Debt-mired JJB Sports put itself up for sale on Thursday and warned investors their shares may be worthless, placing the sports goods retailer at risk of becoming another big-name British retail casualty. The company has been rocked by funding issues, falling sales and stiff competition as UK store chains battle weak consumer spending, muted wage growth and government austerity measures. A string of household retail names including Woolworths and MFI have gone out of business in recent years, undermined by price-cutting from supermarkets and the Internet. . . .
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