9th Dec 2019 12:03
(Alliance News) - Angling Direct PLC on Monday said it has opened a new store in Barnsley, South Yorkshire, after achieving "record" performance during the Black Friday week.
The fishing tackle equipment retailer said the store opening - which took place last Saturday - brought the total number of Angling Direct stores across the UK to 33.
The new store, a former fishing tackle outlet, is located in Snape Hill Road, Darfield, and has been completely renovated throughout and caters for a wide range of angling disciplines.
"We are excited to have opened our latest store in Barnsley, which supports the recent opening of the Rotherham store. The new store offers products for all disciplines across this very enthusiastic angling community," said Chief Executive Darren Bailey.
Turning to trading, the AIM-listed company said its sales grew by 11% from November 25 to Monday last week to GBP1.9 million. During this period, Angling Direct said it has supplied 5,868 new customers, with Black Friday transactions up 29% to 18,204. Profit during the Black Friday week was up 50% on last year, the company noted.
"We are delighted to report that trading remains strong, which is due to recent store openings, enhanced operational performances both in store and online, and our targeted approach towards Black Friday, which resulted in a record performance," added Bailey.
Angling Direct shares were trading 4.7% higher in London on Monday midday at 69.12 pence each.
By Evelina Grecenko; [email protected]
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