YET another brilliant well-stocked tackle shop is opening as Fishing Republic surges forward after a year of growth.
Fishing Republic’s store network reached 12 outlets at the end of 2016.
Milton Keynes (Buckinghamshire), Ipswich (Suffolk) and Reading (Berkshire) have since been added, with three to open over the coming months.
They include Fishing Republic’s first Essex megastore on Saturday, June 10 – and for the first time the chain will be on the banks of a major fishery.
Clavering Lakes – a popular, three-lake complex – will host the huge new shop (pictured above) with all coarse fishing kit.
Area manager Steve Calder said: “Make no mistake, you’ll need your sat nav for your first visit, which is why we’re planning to launch this particular store in grand style – with a Family Fishing Day featuring free coaching sessions, celebrity guests and our biggest tackle sale to date.
“Because the store is ‘off the beaten track’, we’ve been able to keep our costs down in what is otherwise a very expensive area, which means we’re able to continue doing what we do best – saving our customers money,” he added.
Fishing Republic’s annual report reveals all
Fishing Republic, which went to public limited company in 2015, has produced its first whole year annual report for the year 2016.
It reveals revenue up by 41 per cent to £5,799,000 and profit before tax and exceptional items up by 32 per cent to £403,000 (2015: £305,000).
Fishing Republic website sales rose by 132 per cent to £662,000 and accounted for 40% of total online sales (2015: 16 per cent).
Steve Gross, chief executive for the tackle chain, summed it all up: “It has been another encouraging year of progress.
“The new funds we raised in late June 2016 helped to support the continuing development and expansion of our store network and have also enabled us to accelerate our plans to develop the Group’s online platform and digital strategy.”
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