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Jollyes posts strongest-ever full year performance

The Jollyes pet superstore chain has reported a record-breaking year with sales smashing through the £100 million barrier. In the 12 months to 29 May 2023,… View Article

GENERAL MERCHANDISE NEWS

Jollyes posts strongest-ever full year performance

The Jollyes pet superstore chain has reported a record-breaking year with sales smashing through the £100 million barrier.

In the 12 months to 29 May 2023, sales rose by 33% to £115.5 million as like-for-like sales grew by 17%.

Jollyes said the increase was achieved through a mix of higher sales at existing stores, new openings and acquisitions, and rising digital demand for home delivery and click and collect services.

The retailer currently has 90 stores across the UK following 13 new openings in the period. In addition, a £3 million facility from HSBC will enable the opening at least ten new shops in 2023.

Meanwhile Jollyes will be investing £1 million in the current financial year in accelerating growth in its vet clinics, grooming parlours and other pet services in-store.

The retailer’s chief executive Joe Wykes (pictured) said: “The value we provide, the local service we offer and the ranges we’ve developed are proving to be a powerful combination in the growing number of communities we serve. .

“Today, fewer than one in five potential customers lives within five miles of one of our stores.  With the right team, the right backing and the right ambition, we have a tremendous opportunity ahead of us to bring the value and service that’s already making an impact, to significantly more UK communities.”

During the period, Jollyes strengthened its leadership team with the appointment of  estates director Warren Bester from Topps Tiles, chief financial officer Ross Chester from Primrose and retail director Craig Smith from Pets at Home.

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