Angling Direct reels in revenue despite choppy retail environment retail Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn. In an update, the publicly listed firm said revenue grew 10.2 per cent to £81.7m in the full year to January 2024. UK sales were also hiked nine per cent to £77m, as the [...]
Angling Direct hails ‘stellar performance’ as it casts eye on £100m target Retail Angling Direct more than doubled its profits following sales reaching record levels in the UK during its latest financial year.
Angling Direct reels in bumper results as pandemic fuels fishing frenzy Angling Direct reels in bumper results as pandemic fuels fishing frenzy Angling Direct today reported a sharp increase in revenue for the full year after Brits flocked to fishing during coronavirus lockdowns. The specialist fishing tackle and equipment retailer posted revenue of £67.6m in the year to the end of January, up more than 27 per cent on the previous 12 months. The Aim-listed firm also [...]
Angling Direct reels in strong online sales during lockdown August 18, 2020 Angling Direct has capitalised on pent-up demand as it reeled in strong sales as stores reopened, while maintaining a strong online presence during lockdown. The coronavirus restrictions did little to dent demand as sales jumped to £32.1m in the six months to the end of July. The figures Angling Direct reported a 21 per cent [...]
Angling Direct accelerates online sales growth and eyes reopening physical stores May 12, 2020 Angling Direct has reiterated its guidance after “encouraging” levels of trading across the firm’s online stores amid the coronavirus outbreak. Online sales in April were up 24 per cent year-on-year with a “further acceleration of these trends experienced in May 2020 to date.” Additionally, the retailer said investment in Angling Direct’s French, German and Dutch [...]
Coronavirus: Angling Direct secures new credit facility to cope with outbreak April 6, 2020 Fishing supplies retailer Angling Direct announced this morning it has secured a new credit facility to help it cope with the impact of coronavirus. The company has agreed a £2.5m credit facility with Natwest after it was forced to furlough staff and close all of its stores after the UK entered a coronavirus lockdown. Angling [...]
Angling Direct blames bad weather for disappointing performance February 18, 2020 Despite strong growth and expansion in the last year, bad winter weather have dented Angling Direct’s profits. The figures Angling Direct have announced a 41.3 per cent increase in in-store sales to £27.9m, and expects to report revenue of £53.1m. Online sales grew 13.3 per cent to £25.2m as Angling Direct focused more on its [...]
Angling Direct chief executive steps down after 17 years February 10, 2020 The boss of Angling Direct, the UK’s largest fishing supplies retailer has stood down with immediate effect, having led the company for 17 years. Darren Bailey, who joined the firm in 2003, will remain on the board as a non-executive director. He has been replaced by fellow board member Andy Torrance. “Both myself and the [...]
City Moves for 11 February – Who’s switching jobs at Sazka, Angling Direct and the PPF? February 11, 2020 Sazka Sazka Group is pleased to announce that Kenneth Morton has been appointed chief financial officer as of March 2020. Kenneth joined KKCG as head of corporate finance in April 2019 and in this role has devoted the majority of his time to projects with Sazka, including its Voluntary Tender Offer for shares in Opap [...]
Angling Direct expansion continues as it reels in record Black Friday sales December 9, 2019 Fishing giant Angling Direct hailed a record period of trading over the Black Friday week as savvy discounting helped drive up profit. Read more: Angling Direct records 21 per cent rise in H1 sales The retailer reported an 11.3 per cent rise in sales to £1.86m between 25 November and 2 December, with Black Friday [...]