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 business news

Thursday, May 12, 2016
Oxfam have turned Trafalgar Square into a giant tropical tax haven today (Picture: Oxfam)

London’s Trafalgar Square will look a little different today, with palm trees, deck chairs and a beach. But it’s not all as pleasant as it seems.

Wednesday, May 11, 2016
Nicola Thorp, 27, has launched a petition for a change in the employment law (Picture: Nicola Thorp/ London24)

Actress Nicola Thorp was forced to leave a temping receptionist job in central London because she refused to wear high heels. After the petition she launched to make it illegal for companies to enforce “outdated and sexist” dress codes went viral, the firm employing her has scrapped their controversial policy.

Tuesday, May 10, 2016
Nicola Thorp, 27, has launched a petition for a change in the employment law (Picture: Nicola Thorp/ London24)

Actress Nicola Thorp claims she was forced to leave a temping receptionist job in central London because she refused to wear heels and makeup. Now she is launching a petition to make it illegal for companies to enforce “outdated and sexist” dress codes.

Friday, April 8, 2016
Prime minister David Cameron wants the United Kingdom to stay in the EU. Photograph: Stefan Rousseau/PA

Thousands of people are planning to protest outside the prime minister’s home at Downing Street on Saturday April 8 after revelations about his personal finances.

Monday, April 4, 2016
Young people can only get takeaway food unless they are accompanied by an adult  (Photo: Scott Olson/Getty Images)

A McDonald’s in Sutton has banned unaccompanied under-18-year-olds from eating inside, prompting claims of age discrimination.

Friday, February 26, 2016
London City Airport

London City Airport has been sold to a Canadian-led consortium for an estimated £2billion.

Competitions

£15k prize bundle

Imagine having the opportunity to win an incredible £15,000 bundle of some of the most amazing prizes available. Well, for one lucky contest entrant that dream could soon become a reality because we at MyOffers are offering an incredible free prize bundle that will make even the most hardened person wild with excitement.

Read more
Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Read more

London Bloggers

Saturday, September 26, 2015
Vintage Salt

Vintage Salt, in Liverpool Street, is wonderfully atmospheric, like stepping back into a dining room at a period seaside resort.

Friday, September 25, 2015
Pickled sardines

On a dreary main road where high rise flats line the horizon Rootdown restaurant stands next to a busy roundabout.