Corporate strategy events: JJB Sports

The struggling retail sector will be the talk of corporate strategy events this year as Britain continues to fight its way out of recession.

And this week troubled retailer JJB Sports announced that its main shareholders will back a £65m equity fundraising as part of a rescue plan.

The funds will be used to pay for a restructuring of the brand, which will include revamping stores and closing those which currently make a loss.

The firm is also looking to expand into the online retail marketplace.

The company has created six "trial" stores with the aim of appealing to keen amateur sportsman.

Previously the firm had concentrated on leisure clothing and sales of training shoes.

JJB chairman Mike McTighe revealed their suppliers have been "hugely supportive" of the restructuring plans.

Marcus Evans presents corporate strategy events, created by experienced professionals and with information presented by industry experts.