Mountain Warehouse has announced plans to open up to 50 new stores in the UK and internationally after reporting record sales and profits for the past year.
The outdoor clothing retailer said it was boosted by 65 new store openings in the year to February, despite challenging conditions in the sector. Founder Mark Neale said the group, which currently runs more than 400 stores, has a strong pipeline of new larger shops.
In the UK, the company has focused on opening larger outlets in out-of-town retail parks, including former Topshop and Wilko stores, allowing for a wider product range such as dedicated ski wear sections.
Mountain Warehouse reported revenues jumped 16.4% to £449.2 million for the year to February, partly driven by new stores. Mr Neale said: 'The strong pipeline of new, larger stores that we have both in the UK and international markets means that we should be knocking on the door of £500 million revenue in the current year.'
