Angling Direct
This coverage provides in-depth analysis of Angling Direct’s operations and strategic developments within the UK retail sector. Reporting focuses on store expansion through new openings and acquisitions, the growth of its MyAD loyalty programme, and the integration of digital technologies to enhance customer experience and operational efficiency. Insights are tailored for retail professionals overseeing store operations, customer engagement strategies, and market expansion plans in the specialist retail segment.
-
Feb- 2024 -21 FebruaryNews
Today’s news in brief
Redwheel, the leading shareholder of Currys, has voiced concerns over the undervaluation of UK stock markets compared to their true potential. The firm warned that the UK’s declining market values, coupled with a shift in investor focus towards the US, could prompt more foreign entities to pursue acquisitions of British…
Read More » -
21 FebruaryDepartment Stores
Angling Direct sees group revenues rise to £81.7m
Fishing tackle retailer Angling Direct has reported a 10.2% increase in revenue to £81.7m for the year ended 31 January 2024, despite facing a “challenging” consumer landscape and disruption to fishing caused by storms in the final few weeks of FY24. The group’s UK store sales were up 7.6% to…
Read More » -
Oct- 2023 -24 OctoberNews
Today’s news in brief-24/10/23
Furniture retailer ScS has agreed to be acquired by Italian brand Poltronesofà in a £99.4m deal. This acquisition, representing a premium of 66% to the closing price per ScS share in October, has been recommended to shareholders and is expected to be completed in early 2024. Poltronesofà views this as…
Read More » -
24 OctoberSport & Leisure
Angling Direct revenues up 11.4% in H1
Fishing and tackle equipment retailer, Angling Direct, revealed that group revenues increased by 11.4% to £43.3m in the six months ended 31 July. This comes as the group’s retail store estate experienced another strong period of growth, with total store sales increasing by 11.3% against H1 FY23. Meanwhile, UK online…
Read More » -
May- 2023 -16 MayNews
Angling Direct appoints new CFO
Angling Direct, the leading omni-channel specialist fishing tackle and equipment retailer, has recently announced the appointment of Sam Copeman as group chief financial officer. Copeman is an experienced CFO and most recently led the trade sale of Esportif, the global sports consultancy with a presence in the UK, France, South…
Read More » -
Feb- 2023 -23 FebruarySport & Leisure
Angling Direct revenues see uptick in FY23
Angling Direct has seen revenues rise by 2.2% to £74.1m in FY23, in line with expectations, as sales rose despite “significant” consumer headwinds across its key markets. The group said its growth was underpinned by “robust” store sales, which rose by 6.8% to £41.3m, as its store roll out strategy…
Read More » -
Oct- 2022 -12 OctoberNews
Angling Direct H1 profits drop 69.8%
Angling Direct has reported that its pre-tax profits dropped 69.8% from £3.7m to £1.1m for the six months ended 31 July 2022 (H1 FY23), and gross profits decreased 6.5% from £14.4m to £13.4m. Angling Direct said that due to the challenging and highly volatile trading conditions the company faces, and…
Read More » -
Aug- 2022 -18 AugustNews
Angling Direct sales grow 1.3% in 2022 H1
Angling Direct has revealed its sales have grown 1.3% year-on-year to £38.9m in the first six month of 2022 ended July 31. While its first quarter sales grew by 5.4% to £21.9m, pressure on discretionary spending and consumer confidence meant that second quarter sales fell by 1.6%. In-store sales climbed…
Read More » -
Feb- 2022 -22 FebruarySport & Leisure
Angling Direct ups guidance following year of strong sales
Angling Direct has upped its full-year guidance following a full year of strong trading, expecting to report a 7.2% increase in revenue for FY22 to £72.5m, against FY21 sales of £67.6m, representing a 36.3% increase on a two-year basis. The group said this “strong performance” was achieved despite all of…
Read More » -
Aug- 2021 -18 AugustSport & Leisure
Angling Direct sees 19.5% H1 revenue rise
Angling Direct, the fishing tackle and equipment retailer, saw revenues rise 19.5% year-on-year to £38.4m in H1 FY22. The figure for the six months ended 31 July 2021 represents a 44.8% spike when compared to H1 FY20’s £26.5m revenues. Physical retail sales comprised 51.8% of total group sales during the…
Read More »
