There was apparently a decently large group of Turkish business owners in London last night who got together with baseball bats to protect their businesses (which apparently worked).
I'd say it's a bit of both.
That isn't strictly true - just that the licensing schemes are very strict and licenses will only be given for certain types of guns (e.g. shotguns) for certain reasons (hunting or work).
http://en.wikipedia.org/wiki/Gun_politics_in_the_United_King...
Therefore I'd agree with mortenjorck, the majority of the rioters probably don't have credit cards and probably aren't the kind of people who order stuff from amazon.
There are political issues at hand, even if the rioters themselves aren't aware of them.
I've heard it said that D-cell Maglite torches are used by security guards not because they necessarily need a torch (a headtorch is generally more useful anyway), but because it can be carried and justified legally.
Groups of shop owners are defending themselves. See this video http://www.guardian.co.uk/uk/video/2011/aug/09/london-riots-...
A shopkeeper can hide it under the counter.