Gear4music
This coverage examines Gear4music’s strategy and operations within the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes leadership changes, marketing campaigns, product range developments, financial performance, and the company’s positioning in the musical instruments and equipment sector. The analysis helps professionals assess Gear4music’s growth plans, customer engagement, and competitive dynamics in a specialised retail segment.
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Oct- 2024 -22 OctoberEntertainment
Gear4music returns to revenue growth in Q2
Gear4music, an online retailer of musical instruments and music equipment, has revealed it returned to revenue growth during its second quarter as its turnaround strategy started to bear fruit. In a trading update for the six months ended 30 September 2024, the retailer revealed that overall its total revenues for…
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Sep- 2024 -6 SeptemberNews
Today’s news in brief-6/9/24
Burberry, a fixture in the FTSE 100 for the past 15 years, has been demoted to the FTSE 250 following a steep decline in its share price, which has plummeted by around 50% over the last six months. The luxury fashion house has been hit hard by a slowdown in…
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6 SeptemberElectrical
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of £154.7m, with EBITDA of £11.7m and profit before tax of £2.8m. The musical instruments and music equipment retailer will be holding its Annual General Meeting today (6 September) at 10.30am. …
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Jun- 2024 -25 JuneNews
Today’s news in brief-25/6/24
Shein has confidentially filed for an IPO in London, valued at £50bn, despite concerns over its portrayal in the UK which has caused some anxiety among Chinese officials. The fast-fashion retailer, which needs approval from both the China Securities Regulatory Commission (CSRC) and the Financial Conduct Authority (FCA), had previously…
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25 JunePeople Moves
Gear4music appoints Sharon Daly as NED
UK-based online retailer of musical instruments and music equipment Gear4music has announced the appointment of Sharon Daly as non-executive director, commencing 5 July 2024. Daly has significant experience of serving on the boards of AIM-listed companies as both executive and non-executive director. She joined Warpaint London PLC as a non-executive…
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Apr- 2024 -24 AprilNews
Today’s news in brief-24/4/24
Bérangère Michel, the executive director of finance for the John Lewis Partnership, is resigning after 16 years with the company. She is leaving to explore new career opportunities, having played a vital role in enhancing the business’s financial performance. Her departure prompts a recruitment process for her replacement, expected to…
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24 AprilElectrical
Gear4music FY performance in line with expectations
Gear4music has revealed that its FY24 revenues and EBITDA are in line with market expectations, with revenues hitting £144.1m for the 12 months ended 31 March 2024. The music retailer also posted adjusted EBITDA of £9.8m, adjusted profit before tax of £1.3m, and pre-IFRS 16 net debt of £11.6m. According…
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Oct- 2023 -19 OctoberNews
Today’s news in brief-19/10/23
Adidas has revised its full-year projections upward following robust Q3 2023 results. The sportswear giant’s performance was positively impacted by the sale of its remaining Yeezy inventory, leading to better-than-expected underlying business development. Now, Adidas anticipates an operating loss of €100m in 2023, down from the previous forecast of €450m.…
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19 OctoberElectrical
Gear4music sees revenues decline 6%
Gear4music has reported a 6% decline in revenues to 62.6m for the six months to 30 September 2023. The group’s European and rest of the world revenues also dropped by 15% to £26.1m. However, its UK sales saw a 3% increase from £35.5m to £36.5m. The group stated that revenues…
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Jun- 2023 -20 JuneOnline & Digital
Gear4music falls to £0.4m loss in FY23
Gear4music has reported a loss after tax of £0.4m for the full year ended 31 March 2023, despite its revenue increasing by 3% to £152m. The online musical instruments retailer also reported EBITDA of £7.4m which is 34% below FY22 and 5% below FY20. According to the CEO of Gear4music,…
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