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Mountain Warehouse hits new heights over festive period

Outdoor retailer Mountain Warehouse has enjoyed successful Christmas trading, as like for like sales grew by 13.6% in the six weeks leading up to 1 January and international sales rocketed by 71%.

Total sales also grew, up by 28.7% and online revenue rose by 32%, according to Retail Week.

Mountain Warehouse put its plans for a potential IPO on ice earlier in the year, citing concerns over the post-Brexit climate. The company had been set to float on the stock market, anticipating a £200m debut but founder Mark Neale postponed the decision, arguing it “became apparent it was not the right time to do it.”

In October, the retailer revealed its half-year pre-tax profits had fallen from £4.3m to £4m due to its investment in new stores. Total sales for the retailer during the six months to August 30 jumped 29.5%.

Mountain Warehouse operates 250 stores, including 50 international stores across Poland, the US, Canada, Ireland and Germany.

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