JD Sports is the active threat this week — JD Sports launches TikTok-Shop drops in Klang Valley
Engineered scarcity playbook capturing Gen-Z hype demand we don't currently address. Own-brand vertical integration = structurally higher GM. Direct family/school overlap.
Recommendation: rework Apparel pricing around blended margins, accelerate Footwear wins to free campaign-team capacity, and lean into Equipment where the peer set is thinner.