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

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest Stories from SNAP.PA

It’s not just about new apps this week, some of the biggest have had updates that are worth your time.

Read more

Forget the box of chocolates, bouquet of red roses and bottle of wine – these are the only thing you need!

Read more

Promoted content

Valentine's Day Afternoon Tea

London Hilton on Park Lane is inviting couples to celebrate this Valentines Day over a deliciously romantic afternoon tea at Podium Restaurant and Bar. Taking inspiration from the highly popular Confessions of a Chocoholic Afternoon Tea, London Hilton on Park Lane presents the ultimate romantic afternoon out with its Valentine’s Day Afternoon Tea.

Established in 1987, Tucci is one of the North's premier stores for branded clothing, footwear and accessories.

Save up to 70% on designer brands for Men and Women, including G-Star, Diesel, French Connection, Firetrap and many more….our sale is now on.

Nothing says

iWOOT has a great selection of quirky Valentine’s Day gifts for every possible person and partner.

People thought the Deputy Prime Minister was pretty funny actually.

Brothers: The David Haines Story, will be broadcast on BBC Radio Scotland at 10.30am on Sunday.

Over £30,000 has been raised in a couple of days for a mugging victim, despite the goal only being set at £500.

TOP Stories

Yesterday, 17:50
Even foxes needs a quick pick-me-up every now and again

Shocked coffee-drinkers at the BBC were joined by a fox who dropped in to the branch of Caffé Nero at New Broadcasting House.

Yesterday, 16:44
Cyclist Victor Ben-Rodriguez was killed after being hit by a lorry at Ludgate Circus on April 3 2014 (Picture: Twitter/@G4Lycra)

A man has been charged with the death of cyclist Victor Ben-Rodriguez, who was killed after being hit by a lorry at Ludgate Circus in the City.

Yesterday, 15:58
London's Air Ambulance [Photograph by John Power]

The London Air Ambulance landed in Avery Hill Park this afternoon to treat a critically inured man.

London Bloggers

Monday, December 22, 2014
Around 25 per cent of the population self-identity as having no religion yet still enjoy the fun of Christmas (Photo by Oli Scarff/Getty Images)

It’s Christmas time. We know this by the light-adorned streets, the mobility hazard posed by boxes of Quality Street, Roses and Celebrations in every supermarket’s entrance and, of course, the incessant radio-plays of Mariah Carey’s All I Want for Christmas Is You.

Thursday, November 27, 2014
The main room at the Museum of Comedy (Pic: Steve Ullathorne)

This week I visited the Museum of Comedy located at the corner of Museum Street and Bloomsbury Way in the crypt under St George’s Church.

Thursday, November 27, 2014
Bird Lovegod

I genuinely and honestly have only a slight problem when it comes to buying domain names.