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Mountain Warehouse plans more stores as profits hike

Mountain Warehouse has completed its 22nd year of sales growth as the retailer posts record full-year results for the 12 months to 24 February 2019.

The outdoor retailer said its sales were up 13% to £255 million, while like-for-likes increased 5.3%. Pre-tax profit increased 14% to a record £23.7 million.

The success was put down to online and international growth, with eCommerce sales up 23%, now accounting for around 25% of total sales.

Meanwhile, total international sales were up 20%, accounting for over 30% of revenue, after opening 15 stores in eight countries in 2018-19, taking its overseas store total to 87. Plans to further its international footprint this year continue with new store openings planned in Europe, North America and New Zealand.

Mountain Warehouse, which opened its first store in 1997, is also bucking the trend on the UK high street, after opening 33 new stores. A further 50 stores are planned for 2019, with 20 situated in the UK and the remainder across its international territories.

“I’m delighted to have delivered another set of record results, despite the obvious headwinds,” said founder and CEO Mark Neale. “It’s no secret that many retailers are finding it tough going, but our relentless focus on value – great outdoor gear for all the family at great prices - continues to hit the mark.”

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