Mountain Warehouse reaches record heightsComments Off on Mountain Warehouse reaches record heights
The outdoor retailer posted a third successive year of record results, lifting pre-tax profits 25% to £12 million in the year to February 28.
Sales topped the £100 million mark for the first time, with running and cycling gear selling at more than twice the rate of overall sales, according to boss and founder Mark Neale.
Neale, an Oxford-educated physicist who has pitched the chain at the value end of the market, is also gearing up for the camping and festival season as punters rush to snap up tents and camping gear. He said trading since the end of February had seen “positive momentum”.
The group has swelled to more than 200 stores and 1500 staff, selling more than 10 million items a year. It plans to open another 40 outlets at home and abroad in 2015.