THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
AO reveals extent of stockpiling ahead of Brexit

Appliance retailer AO World has revealed that it has boosted its stock of fast moving goods by £15 million as part of its Brexit contingency planning.

ELECTRICALS

AO reveals extent of stockpiling ahead of Brexit

Appliance retailer AO World has revealed that it has boosted its stock of fast moving goods by £15 million as part of its Brexit contingency planning.

In a trading update, the retailer also said that group revenue is expected to rise by 13% to £900 million in the year to 31 March 2019.

However, full year group adjusted EBITDA, excluding exceptional costs, is anticipated to be at the lower end of market expectations.

The retailer is facing exceptional costs of around £2.5 million as a result of a management team restructure following founder John Roberts’ return to the business and charges for a loss making contract it is unable to terminate in Germany.

AO is currently testing a rental proposition with customers and has also expanded its range to include more garden and DIY products.

Roberts said: “I am delighted to once again have the privilege to lead the business and excited by the scale of value creation that lies ahead of us for the benefit of all stakeholders. I look forward to updating more fully in early June on how we are accelerating our plans to grow while leveraging the infrastructure we have invested in."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy