JD Sports has warned of "volatile" trading conditions in the year ahead amid plans to close more than a dozen stores.
The uncertainty in trading conditions comes amid changes to US tariff rules under President Trump.
The sportswear retailer said profits and sales were set to meet forecasts for the past year despite facing a "challenging" market.
However, shares in JD Sports have dropped in recent weeks due to potential exposure to new tariff regulations.
The high street chain is now planning to close around 50 stores, mainly in eastern Europe.
JD Sports sells a number of products, including Nike trainers, which are manufactured in countries such as Vietnam that are facing particularly high levels of import taxes.
The high street chain is now planning to close around 50 stores, mainly in eastern Europe
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The retailer has stressed that it is too early to calculate what these tariff changes will mean for its finances and longer-term performance.
The company, which generates just under 40 per cent of its revenues from the US market, has maintained its targets for next year despite the start of President Trump's tariff regime.
"We expect the trading environment in our key markets to be volatile throughout the year and we have started the year in line with our expectations," the company told shareholders.
"We note the proposed changes to tariffs announced last week. At this stage, the outcome of these developments is uncertain."
The retailer has stressed that it is too early to calculate what these tariff changes will mean for its finances and longer-term performance
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"We are in regular dialogue with our brand partners but it is too early to comment on the potential sector impact," JD Sports added.
Despite these uncertainties, the company reported a slight increase in revenues for the last quarter, driven by its European business.
Like-for-like revenues grew 0.3 per cent in the 13 weeks to February 1, with organic revenue growth of 5.6 per cent. For the full year to February, like-for-like revenues were also up 0.3 per cent
JD Sports said it is set to have delivered a pre-tax profit of between £915 million and £935 million for the year, in line with previous targets.
Sheerness High Street Google MapsThe retailer also outlined its store strategy for the coming year, with plans to open approximately 150 new stores. Additionally, JD Sports will complete around 100 store conversions or renovations across its portfolio.
The 50 planned store closures will primarily affect locations in eastern Europe, as the company adjusts its retail footprint.
These strategic changes come as the sportswear giant navigates uncertain trading conditions, particularly in relation to US tariff changes.
