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14 Aug 2017 07:00
AIM: FISH
RNS REACH
Fishing Republic plc
("Fishing Republic" or "the Company")
Store Expansion Programme Continues With
Sixth New Store Opening This Year
Seventh Store on Track, Taking Network to 19 Stores
Fishing Republic, the fishing tackle retailer, is pleased to announce the opening of its sixth 'destination' store since January 2017. Located in Gloucester the new store, which opened on 12 August 2017, expands Fishing Republic's presence in the West of England.
The 6,000 sq ft store follows the Company's expansion into East Anglia and Essex, with new store openings in Kings Lynn and Clavering Lakes in recent months. An additional store opening, in Huntingdon, Cambridgeshire, is planned for the end of August and will increase the Company's store network to 19.
All the stores replicate the Company's 'destination' store format, catering for all types of fishing disciplines with an extensive product range, and are located in light-industrial estates with convenient access and good car parking facilities. The new stores will also help drive online sales, as Fishing Republic continues to execute its multi-channel growth model.
Steve Gross, CEO of Fishing Republic, commented:
"Fishing Republic has significantly expanded its store network over the last few months and I am delighted to announce our latest store opening, in line with our expansion plans for the year. Located in Gloucester, it increases our presence in the West of England. By the end of August, a further store opening in Huntingdon in Cambridgeshire will complement our existing presence in that region and take our expanding network to 19 stores."
Enquiries:
Fishing Republic plc Steve Gross, Chief Executive |
| T: 01709 722590
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Russell Holmes, Finance Director |
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KTZ Communications Limited |
| T: 020 3178 6378 |
Katie Tzouliadis / Irene Bermont-Penn / Emma Pearson |
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Northland Capital Partners Limited |
| T: 020 3861 6625 |
Nominated Adviser and Broker |
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Matthew Johnson / David Hignell (Corporate Finance) |
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John Howes (Corporate Broking) |
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About Fishing Republic plc
www.fishingrepublic.net
Fishing Republic is one of the largest fishing tackle retailers in the UK by floor space. Established in 1985, the Company caters for all types of anglers: coarse, carp, game and sea fishing. It operates a chain of 'destination' retail outlets and has an online presence both through third party online retailers and its own websites (www.fishingrepublic.net and www.yorkshiregameangling.co.uk). Its comprehensive product offering includes own-brand ranges, such as Klobba and Theseus
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