Across the board growth at Cotswold OutdoorBy Storm Rannard, Digital Staff Writer
Adventure clothing retailer Cotswold Outdoor has more than doubled pre-tax profit following growth across all of its sales channels. Revenues also increased, driven by prolonged cold weather early last year.
Accounts filed for the year to 31 December 2013 revealed that pre-tax profit at the Malmesbury-based business rose to £5.3m, up from £2.6m during the same period a year earlier.
Revenue also increased to £111.3m from £103.3, with like-for-like sales up by 3.9 per cent and online growth "significantly ahead".
Although a spell of cold weather in early 2013 resulted in increased sales of its insulated and cold weather products, Cotswold Outdoor said it had seen growth throughout the year.
It added that its 'omni-channel' approach, including its click and collect and home delivery services, had also contributed.
A statement signed off by chief executive Hans Falkenburg said: "2013 saw continued progression from the solid 2012 results.
"The focus on 'best range, best service and best value' will continue to be at the centre of our plans to help us to continue to improve performance of our existing business.
"Investment remains focused on staff training, opening new stores in relevant catchment areas, store refurbishments and continuing to develop our online operations."
During the year, Cotswold Outdoor opened two new branches.
The retailer was formed in the early-1970s to sell a range of basic camping accessories. It now has almost 70 stores across the UK, including Bristol, Bath, Plymouth, Salisbury, Exeter, Truro and Bournemouth.