15 Apr 4 million pounds, despite a Canada Goose Coats On Sale 14
JD Sports says riots won’t hurt business
LONDON, Sept 21 canada goose uk outlet (Reuters) British sportswear retailer JD Sports Canada Goose Parka Fashion, whose uk canada goose outlet shops were widely targeted by looters during last month riots in several UK cities and towns, said it did not think the lawlessness would cause long term damage to its business.
Footage of attacks on JD Sports stores provided some of the most enduring images of August events while brands stocked by the firm featured extensively in much of the clothing worn by the rioters.
Finance director Brian Small said he was optimistic consumers would not be turned off JD Sports and sports buy canada goose jacket cheap brands in general by the violence.
never complacent about those kind of things and of course we think about it, he told Reuters on canada goose coats on sale Wednesday.
sure that all the brands involved are keen to not be associated with that kind of behaviour in any case and really one canadian goose jacket hopes that it was a flash in the canada goose uk black friday pan and it will be unrepeated.
Small took uk canada goose comfort from JD Sports trading in the seven weeks to Sept. 17 which canada goose store showed canada goose net sales at UK and Ireland stores open over a year up 1.6 percent.
last Canada Goose Jackets seven weeks trading have been very encouraging and although the riots took place canada goose coats in one of the early weeks of that seven weeks I think that in itself tells a story, he said.
The firm, which trades as JD Sports, Size, Bank, Scotts and Chausport, posted a 17.3 buy canada goose jacket percent fall in cheap canada goose uk underlying pretax profit for the 26 weeks to July 30 but said the riots would not have a material adverse impact on the full year profit, which, as usual, would be very dependent on the Christmas performance.
JD Sports is currently working with its insurers on a claim related to 0.7 million pounds ($1.1 million) of looted stock from 16 stores, damage to stores in London, Birmingham, Manchester and Nottingham and business interruption.
Small said the figures involved were lot closer to 1 canada goose clearance million pounds than 10 million pounds.
First half underlying pretax profit was 16.0 million pounds, down from 19.4 million pounds, despite a Canada Goose Coats On Sale 14.6 percent rise in Canada Goose Outlet revenue to 439.8 million pounds.
The firm had flagged in April it would not canada goose uk shop match 2010 11 underlying pretax profit of 82 million pounds in the 2011 12 year due to tough macro headwinds, rises in input costs and the canada goose factory sale hike in VAT sales tax.
are still expecting to meet expectations as they were set in April, said Small, noting analysts consensus forecast of about 72 million pounds.
think next year (2012 13) we Canada Goose sale would be more optimistic about a feel good factor returning, highlighting the positive impact of the Olympics and European soccer championships.
JD Sports, which ended the first half with net cash of 19.2 million pounds, is paying an interim dividend of 4.1 pence, up 7.9 percent.
The firm said it was still on the hunt for acquisitions after deals in Ireland and canada goose black friday sale Spain in the first half.
Shares Canada Goose Online in JD Sports, 57 percent of which are owned by the Pentland sportswear group, have lost 10 percent of their value over the last six months.
think this is an undemanding valuation cheap Canada Goose canadagooseoutlet4online for a well Canada Goose online managed company with a solid balance sheet ready to take canada goose clearance sale advantage of acquisition and overseas expansion opportunities, said Numis analyst James Dilks Hopper. ($1 = 0.636 British canada goose coat sale Pounds) (Editing by Neil Maidment and Jon Loades Carter).