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

Hollyoaks has launched a new game fans can download to their phones and tablets.

Read more

A fatal cocktail of blistering heatwaves and an ageing population could be a real killer by 2100.

Read more

Promoted content

Gamucci is a global leader and premier brand of electronic cigarettes

Gamucci has an electronic cigarette tailored for every need. We have a range of both disposable and rechargeable electronic cigarettes suitable for all adult smokers. And for a limited time, some great discounts.

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

Up to 3,000 people took to the streets of London in vigils for Mike Brown which turned into a protest march down Oxford Street.

The NHS have introduced a new pill for those who struggle to screw the lid back on that bottle of wine.

Today the doctor has received an eight-year sentence for a string of offences.

TOP Stories

Yesterday, 16:53
Mohommod and Hamza Nawaz

Two brothers from Stratford have today become the first people in the country to be jailed for terrorist offences after returning from Syria.

Yesterday, 14:47
The incident happened in Hercules Road, Lambeth (Pic: Google Street View)

The police watchdog is investigating how a man fell to his death in Hercules Road, North Lambeth, after officers forced themselves into a property to arrest him.

Yesterday, 14:14

Two London Ambulance Service medics had to be taken to hospital themselves this morning after they were assaulted by a patient.

London Bloggers

Friday, November 14, 2014
Bird says back up your data

What happened after a friend of mine lost basically everything he’d created in the last 5 years:

Thursday, October 30, 2014
The Appilepsy team: Phil Efstathiou, Alex Telek , Clarence Ji, Miklos Molnar, Joran van Apeldoorn

In Tech City, things move fast. And sometimes erratically. Like phones in the pockets of people having epileptic seizures.

Friday, October 24, 2014
The 91-year-old gave the cyclist a wallop

After Baroness Sharples bragged about walloping a cyclist, London24’s cycling blogger AViewOfLondon has this to say...