Riots: JD Sports Lost £700,000 In Stock To Looters

JD Sports Lost £700,000 In Stock During Riots

Retailer JD Sports has revealed that more than £700,000 of stock was stolen from 16 of its stores during last month's riots.

"We are currently working with our insurers on the subsequent claim, covering theft of stock, repair costs and business interruption," the firm said on Wednesday.

Despite the raids, the company believe that the riots will not "have a material adverse impact on the outturn for the current year".

The looting forced the closure of stores in London, Manchester and Birmingham.

The company's outlet in Woolwich, south London, remains closed due to fire damage, however the other stores all reopened by August 21.

Despite the theft and damage, the firm posted healthy sales figures, up 1.6 per cent in the seven weeks to September 17.

The group, who said their performance was "excellent", made a pretax profit of £20.1 million for the first half of the year, up from £16.6 million for the same period in 2010.

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