Foot Locker’s insurance costs soared in year of Dublin riots
The US headquartered Foot Locker operates seven stores here including its Lower O’Connell Street outlet where footage was broadcast of looters entering the Foot Locker outlet on the night of the riots of November 23rd 2023.
New accounts show that despite the 369pc increase in insurance costs in 2023, Foot Locker Retail Ireland Ltd reduced its pre-tax losses by 46pc to €62,000.
The operator of the seven stores here, Foot Locker Retail Ireland Ltd reduced its pre-tax losses as revenues increased by 14pc from €11.54m to €13.17m.
The company’s outlets here are located on Lower O’Connell Street, Grafton Street, Blanchardstown Upper Mall, The Square, the Ilac Centre on Henry Street and the Pavilions Shopping Centre in Dublin along with one outlet in Limerick.
The business sells the best known shoe brands including Adidas, Nike, Converse and Puma.
The directors state that they are satisfied with the results for the year.
The new accounts show that the company’s insurance spend…
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