London riots: Scale of looting from JD Sports’ stores revealed

14:33 21 September 2011

Damaged goods outside the JD Sports store in the Tottenham Hale retail park, north London

Damaged goods outside the JD Sports store in the Tottenham Hale retail park, north London

Retailer JD Sports Fashion today revealed that £700,000 of stock was looted in last month’s riots while one of its London stores has yet to reopen after suffering fire damage.

A total of 16 stores were hit by the disorder, with six in London suffering “very significant thefts”.

Its losses would have been worse if not for the pre-emptive measures it took to stop looters gaining access to its stores, it said.

A JD store in Woolwich, south-east London, is still closed as fire damage is repaired but the rest of the stores were reopened by August 21.

Despite the effect of the riots and store closures, the chain said like-for-like sales excluding VAT increased by 1.6 per cent in seven weeks to September 17, underscoring its credentials as one of the top performing retailers.

However, it also revealed that underlying pre-tax profits declined 17 per cent to £16 million in the half year to July 30 as its margins were squeezed by the impact of faltering consumer confidence and the increase in VAT.

Related articles

Latest Stories from SNAP.PA

Mike Read has recorded a song singing the praises of Ukip and its leader Nigel Farage.

Read more

There’s been a boom in people wanting their pre-tunnel lobes back.

Read more

Chelsea socialite and fashionista Millie is a devoted follower of the latest trends.

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

There’s been a boom in people wanting their pre-tunnel lobes back.

Two months after choosing to end her cancer treatment, Lynda Bellingham passed away.

Experts suggest intercourse was carried out ‘sideways and square-dance style’.

The fire will not affect electricity supplies, energy secretary Ed Davey has been told by National Grid.

TOP Stories

16 minutes ago
Henry Ikose outside his home where he caught the burglar

The victim of an armed burglar put his life on the line by pinning him down until police arrived.

12:57
Sweeping statements: Banksy's identity still a secret  (Photo by Dave Etheridge-Barnes/Getty Images)

Never fear, Banksy fans: the infamous street-artist has not been unmasked, despite frenzied reports on American websites.

Can you imagine spotting this on your commute?! [Photograph from YouTube]

We’ve all seen some weird things on the Tube in our time, but this is something else... [WARNING: Video contains some swearing]

London Bloggers

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.

Tuesday, August 26, 2014
Don't waste any of your harvest

If you are now inundated with ripe tomatoes, juicy green beans, berries and herbs, don’t leave them to go stringy or mouldy because the freezer can go a long way to making your crops last well into winter.