THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Online Conversion Webinar 2020
Future of Retail Marketing 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
Omnichannel Futures Conference 2021
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Angling Direct reports uplift in full year revenue

Angling Direct has said it expects to report a 26.5% increase in revenue for the year to 31 January after it grew its sales both in-store… View Article

SPORTS & LEISURE

Angling Direct reports uplift in full year revenue

Angling Direct has said it expects to report a 26.5% increase in revenue for the year to 31 January after it grew its sales both in-store and online.

Store sales rose by 41.3% to £27.9 million and by 12% on a like-for-like basis following the opening of ten new stores in the period.

Meanwhile, online sales climbed by 13.3% to £25.2 million after trading was boosted by improvements to the company’s ecommerce platform. Angling Direct’s German, French and Netherlands websites grew their sales by 24.6%, 70.9% and 86.7% respectively and now account for 42% of total international sales compared to 31% in the previous year.

Total international sales increased by 7.6% to £5 million.

However, the company said trading since Christmas has been disappointing due to the ongoing winter floods. The lower levels of fishing activity mean that sales of higher margin consumable products have been hit particularly hard.

As Angling Direct is also taking a more prudent approach to some legacy costs, the company said it now believes it will deliver a pre-IFRS 16, EBITDA loss of no more than £0.5 million.

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

Online Conversion Webinar 2020
Online Conversion Webinar 2020
April 30 2020
Now online - Please register for details
The Retail Bulletin Online Conversion Webinar 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Now online, please register for details
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
The Future Of AI in Retail Conference 2020
The Future Of AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY
Omnichannel Futures Conference 2021
Omnichannel Futures Conference 2021
3 February 2021
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy