JOHN DAVID (JD.).

Post-purchase remorse is a common syndrome among shoppers, especially when it comes to clothes. But it's a different story entirely when you've bought a whole chain of shops. John David is still living with the consequences of its disastrous takeover of First Sport two years ago. Since then, the sporting clothes retailer's performance has consistently disappointed and it has had to close dozens of stores.

Having shut 15 outlets during the first six months, John David is lining up another 42 for the chop over the next year or so. This is reflected in a one-off