THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Omnichannel Futures 2025
Retail HR Central 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Angling Direct grows full year sales

Angling Direct has seen its its group revenue increase by 2.2% to £74.1 million in the year to 31 January. While store sales grew by 6.8%… View Article

SPORTS AND LEISURE NEWS

Angling Direct grows full year sales

Angling Direct has seen its its group revenue increase by 2.2% to £74.1 million in the year to 31 January.

While store sales grew by 6.8% to £41.3 million, online sales edged down 3% to £32.8 million, with UK online sales decreasing by 4.8% following tough first half comparatives.

Meanwhile the company’s pre-tax profit declined to £0.7 million from £4 million a year earlier.

The company said it is focusing on delivering profitable growth and market share gains in the UK and Europe. In the first quarter of its new financial year, sales increased by 11% with growth across all channels.

Andy Torrance, chief executive of Angling Direct, said: “The last twelve months have seen Angling Direct continue to grow sales despite significant consumer headwinds, including inflation and cost of living pressures across all of the company’s key markets. Our omnichannel business model continues to demonstrate considerable financial and operational resilience and we are pleased to have increased revenues to £74.1 million.

“Throughout the period, we continued to make good progress against our strategic objectives – establishing our European distribution centre, continuing our store rollout strategy as well as improving our omnichannel proposition. Looking through the current uncertain macroeconomic backdrop, our strategy remains unchanged as we continue to focus on gaining market share both in the UK and Europe over the medium term.”

 

Subscribe For Retail News