Many investors might associate millionaire-making stocks with New York rather than London. The likes of , and may spring to mind. Yet some FTSE stocks have created riches too.
Indeed, a £20k investment in either of these two UK shares would have grown into a small fortune as they transitioned from small-cap stocks to blue-chip companies in the . But are they still worth buying today? JD Sports First up, we have ( ). Shares of the sportswear retailer have moved from a 2p in June 2004 to 126p today.
That’s a mammoth 5,909% gain that would have turned £20k into around £1.2m! On top of this, our hypothetical investor would also have bagged a load of dividends. So what has gone so right at the company over the past two decades? Well, unlike many high street retailers, JD embraced e-commerce early on.
It developed a seamless omnichannel experience, allowing customers to shop online, pick up in-store, or return online purchases in person. And it developed strong partnerships with major brands like to sell limited-edition releases and promote trends. This helped it carve out a strong brand image with a younger, fashion-conscious demographic.
Another significant factor in the firm’s success has been global growth, both organically and through acquisitions. Revenue rocketed from £471m in 2004 to £10.5bn in the latest financial year.
Profits have soared alongside this. Today though, the company has hit a growth speed bump, with economic weakness to blame. This has sent the shar.
