LONDON (Alliance News) - Fishing tackle retailer Fishing Republic PLC on Monday said trading has remained strong in the second half of 2015 and said it has extended its presence in the West Midlands.
Fishing Republic said sales for the four months to the end of October rose 43% year-on-year, driven primarily to the rise in sales and marketing activity spend by the company.
In addition, Fishing Republic said it has signed a lease on a retail unit in South Birmingham, along with a new larger store in Hull. The new property in Birmingham is around 5,300 square foot in total and is due to open in March 2016.
"We are very pleased to see that sales in the four months to the end of October, the close of the main fishing season, show a significant uplift on same period last year," said Steve Gross, Fishing Republic's chief executive.
"We are also delighted to be establishing Fishing Republic's presence in Birmingham. The city has one of the largest angling clubs in the UK and has traditionally been served predominately by smaller fishing tackle retailers. We are confident that our large store format, carrying a wide range of product for all fishing disciplines, will attract anglers from a wide area across the Midlands," he added.
Shares in Fishing Republic were up 0.7% to 17.125 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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