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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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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Nov- 2022 -15 NovemberEntertainment
Gear4music falls to HY loss despite uptick in revenues
Musical instrument retailer Gear4music has slipped to a half year loss despite reporting a 2% increase in revenues. For the trading period ending 30 September 2022, the company posted a net loss of £1.1m which is a 2.2% decrease compared with the previous year. It said the loss comes as…
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Jun- 2022 -21 JuneOnline & Digital
Gear4Music profit dips in FY22
Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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Oct- 2021 -13 OctoberNews
Gear4music sales hit by post-Brexit challenges
Gear4music has revealed its total sales fell 8% year-on-year to £64.7mn in the six months to 30 September due to EU sales falling 16% after “post-brexit challenges”. According to Gear4music, UK sales remain “robust” at £36.7mn, the same as the year previous. Meanwhile, the brand revealed gross profit fell down…
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Sep- 2021 -9 SeptemberHigh Street
Gear4music acquires AV online for £9.2m
Gear4music has announced that it has acquired AV Distribution Ltd, which is trading as AV Online, for an aggregate consideration of £9.2m. Separately, the group has also acquired the website domain name AV.com. The completion of the deal is dependent upon receiving approval from the Financial Conduct Authority (FCA) which…
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Oct- 2020 -22 OctoberOnline & Digital
Gear4music full-year results to be ‘ahead of expectations’
Gear4music has revealed its full year results will likely be ahead of expectations after it experienced strong sales growth in its first and second quarters. The online musical instrument retailer saw its total sales rise 42% to £70.2m in the six months to 30 September, after UK sales increased by…
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Jul- 2020 -23 JulyCoronavirus
Gear4music reports 80% increase in UK sales
Gear4music has reported an 80% increase in UK sales to £21.2m in its first quarter of the current year, compared with £11.8m in 2019. In the three months to 30 June, the company reported a 68% increase in total sales to £37.7m, compared with £22.2m in the same period last…
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Jun- 2019 -26 JuneElectrical
Gear4music swings to almost £600K loss despite sales spike
Music equipment and instrument retailer Gear4music has posted losses before tax of £600,000 for the 13 months ended 31 March 2019. EBITDA also declined to £2.3m during the period, £1.2m lower than 2018. Despite this, revenue increased by 48% to £118m during the period, compared with £80m recorded the previous…
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Jan- 2019 -4 JanuaryOnline & Digital
Gear4Music issues warning despite 41% sales growth
Gear4Music has issued a warning on profit for 2019 saying it would be “slightly below” last year’s results. The warning comes against the backdrop of a 41% year-on-year sales growth, which has seen sales rise to £48.7m. The group also announced that UK sales had risen by 36% to £25.5m,…
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