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Pin to quick picksAngling Direct Regulatory News (ANG)

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Replacement - New Store Opening and Trading Update

23 Apr 2019 09:40

RNS Number : 7761W
Angling Direct PLC
23 April 2019
 

The following correction has been made to the "New Store Opening and Trading Update" announcement released on 23 April 2019 under RNS No 6940W. The announcement should have stated that:

Angling Direct is pleased to announce that it has enjoyed a record start to the year, with both the store network and e-commerce generating robust sales growth. The Company continues to improve and invest in the customer experience, which is reflected in the performance of its stores. Across all stores, like-for-like footfall was up by 29.5% in February and March. Like-for-like sales were up by 28.5% and overall sales were up by 50.7% compared to the previous year. Meanwhile, online orders for February and March were up by 27%, compared to the previous year, and the German, French and Dutch websites are also performing well, leading to a 66% jump in European sales. The Company's UK store roll out programme remains on track, with further stores in the pipeline for 2019.

This replaces the paragraph below:

Angling Direct is pleased to announce that it has enjoyed a record start to the year, with both the store network and e-commerce generating robust sales growth. The Company continues to improve and invest in the customer experience, which is reflected in the performance of its stores. Across all stores, like-for-like sales were up by 29.5% in February and March, and overall sales were up 28.5% compared to the previous year. Meanwhile, online orders for January and February were up by 27%, compared to the previous year, and the German, French and Dutch websites are also performing well, leading to a 66% jump in European sales. The Company's UK store roll out programme remains on track, with further stores in the pipeline for 2019.

All other details remain unchanged.

23 April 2019

Angling Direct plc

("Angling Direct" or the "Company")

New Store Opening and Trading Update

Angling Direct plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce that its new Nottingham store opened on Friday 19 April 2019, bringing the total number of Angling Direct stores across the country to 27 and further strengthening Angling Direct's presence across the UK.

The Nottingham store, which was previously occupied by Majestic Wines, occupies a 4,500 sq ft. display area and is located north of the main town, in Daybrook, and can be easily accessed via the A60 and other arterial roads.

It is the first fishing tackle "destination store" of its kind in the Nottingham area, located in a popular fishing area with strong angling communities, near the river Trent. The store caters for a wide range of angling disciplines, whilst also providing excellent service from the Company's local and knowledgeable employees. The new store will create five full and three part-time positions.

Angling Direct is pleased to announce that it has enjoyed a record start to the year, with both the store network and e-commerce generating robust sales growth. The Company continues to improve and invest in the customer experience, which is reflected in the performance of its stores. Across all stores, like-for-like footfall was up by 29.5% in February and March. Like-for-like sales were up by 28.5% and overall sales were up by 50.7% compared to the previous year. Meanwhile, online orders for February and March were up by 27%, compared to the previous year, and the German, French and Dutch websites are also performing well, leading to a 66% jump in European sales. The Company's UK store roll out programme remains on track, with further stores in the pipeline for 2019.

Angling Direct's Chief Executive Officer, Darren Bailey, commented:

"We are very excited to have opened our Nottingham store, which is set in a very popular angling area near the river Trent. The location also offers a good number of local lakes which all cover a broad range of fishing disciplines.

"As we seek to cater for all anglers across the UK with a new and modern retail offering, we will continue to strategically expand our physical geographical footprint, as well as enhance our online offering in terms of products, experience and education in order to help raise the profile of angling.

"Whilst other areas of the retail sector may be experiencing difficulties, we are delighted that our strategic focus on customer experience and service, as well as positioning our stores in the correct locations, is driving our growth and brand value. We look forward to updating the market on our further progress in due course."

The Company looks forward to reporting its Full Year Results for the 12-month period ended 31 January, 2019 on Monday 13 May, 2019.

An analyst briefing will be held at 9.30am on the morning of the Company's results at Cenkos Securities offices, 6-8 Tokenhouse Yard, London EC2R 7AS. To attend please email angling@yellowjerseypr.com.

For further information:

 

Angling Direct PLC

 

+44 (0) 1603 258658

 

Martyn Page, Executive Chairman

 

Darren Bailey, Chief Executive Officer

 

 

Cenkos Securities - NOMAD and Broker

 

 

 

Stephen Keys (Corporate Finance)

Russell Kerr (Sales)

+44 (0) 207 3978926

 

 

Yellow Jersey PR - Financial PR

 

Charles Goodwin

+44 (0) 7747 788 221

 

Harriet Jackson

Annabel Atkins

+44 (0) 7544 275 882

 

 

Notes for editors

About Angling Direct plc

Angling Direct is the largest specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located throughout the UK, as well as through its own website (www.anglingdirect.co.uk) and other third-party websites.

The Company currently sells over 21,500 fishing tackle products, including capital items, consumables, luggage and clothing. The Company also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2003 the Company's Founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2003, they acquired a significant premises in Norwich, which was branded Angling Direct. Since 2003, the Company has continued to acquire or open new stores, taking the total number up to 27 retail stores. In 2015 the Company opened a 30,000 sq ft central distribution centre in Rackheath, Norfolk, where the Company's head office is also located.

Angling Direct's shares are traded on the AIM market of the London Stock Exchange under the ticker symbol ANG.L.

For further information, please visit www.anglingdirect.co.uk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCPGUMWCUPBURW
Date   Source Headline
21st Feb 20247:00 amRNSFull Year Trading Update and Notice of Results
29th Nov 20231:13 pmRNSHolding(s) in Company
6th Nov 20235:26 pmRNSHolding(s) in Company
24th Oct 202311:47 amRNSHolding(s) in Company
24th Oct 20237:00 amRNSHalf Year Results
10th Oct 20237:00 amRNSInvestor Presentation via Investor Meet Company
5th Oct 20237:30 amRNSHolding(s) in Company
23rd Aug 20239:22 amRNSHolding(s) in Company
23rd Aug 20237:00 amRNSHalf Year Trading Update and Notice of Results
31st Jul 20237:44 amRNSGrant of Options
22nd Jun 202311:47 amRNSResult of AGM, Trading Update and Board Changes
14th Jun 20234:56 pmRNSHolding(s) in Company
14th Jun 20234:56 pmRNSHolding(s) in Company
13th Jun 20233:30 pmRNSHolding(s) in Company
2nd Jun 20231:13 pmRNSDirector/PDMR Shareholding
30th May 202310:30 amRNSAnnual Report and Notice of Annual General Meeting
16th May 20237:00 amRNSFinal Results
16th May 20237:00 amRNSCFO Appointment and Board Succession Update
11th May 202310:04 amRNSHolding(s) in Company
11th May 20237:00 amRNSNotice of Investor Presentation
12th Apr 20237:00 amRNSDirector/PDMR Shareholding
31st Mar 20237:00 amRNSDirector/PDMR Shareholding
9th Mar 20234:35 pmRNSPrice Monitoring Extension
28th Feb 20237:00 amRNSBoard Succession Plan
22nd Feb 20237:00 amRNSFull Year Trading Update and Notice of Results
1st Nov 202210:47 amRNSDirector/PDMR Shareholding
20th Oct 20224:38 pmRNSHolding(s) in Company
12th Oct 20227:00 amRNSHalf Year Results
11th Oct 20223:00 pmRNSHolding(s) in Company
5th Oct 20227:00 amRNSNotice of Investor Presentation
19th Aug 20221:19 pmRNSDirector/PDMR Shareholding
18th Aug 20222:06 pmRNSSecond Price Monitoring Extn
18th Aug 20222:00 pmRNSPrice Monitoring Extension
18th Aug 20227:00 amRNSHalf Year Trading Update and Notice of Results
16th Jun 20227:00 amRNSAppointment of Non-Executive Director
15th Jun 202212:41 pmRNSResult of AGM
6th Jun 202211:17 amRNSAnnual Report and Notice of Annual General Meeting
19th May 202211:58 amRNSDirector / PDMR Shareholding
17th May 20227:00 amRNSDirectorate Change
17th May 20227:00 amRNSFull Year Results
16th May 202210:49 amRNSUpdate on timing of full year results announcement
10th May 20225:35 pmRNSAnnouncement re: Full year results
5th May 20227:00 amRNSInvestor Presentation
5th Apr 202211:30 amRNSAppointment of Independent Non-Executive Director
16th Mar 20227:00 amRNSEuropean Distribution Centre Update
22nd Feb 20227:00 amRNSFull Year Trading Update and Notice of Results
2nd Feb 20225:37 pmRNSHolding(s) in Company
31st Jan 20223:03 pmRNSHolding(s) in Company
31st Jan 202211:19 amRNSHolding(s) in Company
31st Jan 20229:42 amRNSHolding(s) in Company

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