Jollyes reports accelerating first quarter performance
Jollyes has delivered its “best-ever” first quarter trading performance in the 13 weeks to 27 August with total sales rising by 33.6% to £33.7 million.
Like-for-like sales increased by 23.1%, which the pet specialist said came almost exclusively from transaction growth, as it benefited from a significant uplift in sign-ups to its Pet Club loyalty scheme.
During the quarter, Jollyes opened three new shops in Swindon, Belfast and Merthyr Tydfil to bring its total number of stores to 93. With the backing of a new multi-million facility from HSBC, the retailer is planning to accelerate its opening programme with the launch of ten new locations by May 2024.
Store openings planned for the rest of the calendar year include Harrogate, Widnes, Swadlincote, Reading and Hull.
Jollyes’ chief executive Joe Wykes said: “It’s clear that the dedication of our people and our commitment to value, combined with smart use of our PetCLUB membership data, is a compelling recipe, delivering strong performance in our existing stores and allowing us to open new locations that perform from day one.
“Growing retailers – especially those developing at our pace – are exciting places to work, but I know that can also be demanding on our own people. Once again I’d like to thank our whole team for what they’ve all contributed. Nothing has made me prouder this quarter than the investment we’ve made in them, as we work hard to be one of the best employers in retail.”
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