Strong sales growth for Angling Direct
Angling Direct, which has stores in Halesowen and Willenhall, enjoyed strong sales growth across UK and Europe in the six months to the end of July.
The specialist fishing tackle and equipment retailer saw revenue grow 11.4 per cent to £43.3 million.
Store sales grew 11.3 per cent to £24.4m with UK online sales rising 8.3 per cent to £16.5m. Total UK sales were up 10.1 per cent.
European online sales increased by 39.9 per cent to £2.4m.
Angling Direct's pre-tax profit was up 52.4 per cent to £1.7m.
The group said it remains well capitalised and securely positioned to continue investing in strategic opportunities to capture further market share in the UK and Europe.
New stores in Cardiff and Goole opened in the half year.
Steve Crowe, chief executive of Angling Direct, said robust sales growth had been achieved against a challenging consumer backdrop.
"We made strong progress on our strategic priorities in the UK growing our store estate and unveiling our MyAD loyalty programme which attracted 110,000 members in its first two months," he added.
