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Mountain Warehouse pre-tax profits up 65%

Mountain Warehouse has recorded a 23.8% leap in sales to £47.5m for the first half of this year to August 24, with like-for-like sales up 11.8% on the same period in 2013.

Profit before tax was up 65% to £3.2m. Online sales increased 85.7% during the period and now account for approximately 15% of total sales.

The outdoor clothing retailer opened 19 stores during the first half of the year and has since opened a further 12. It will open its 200th store in Inverness next week.

“We plan to open around 30 stores next year and have a medium-term target of 300 stores in three years,” said Mountain Warehouse’s founder and chief executive Mark Neale. “The vast majority of our stores are in the UK, but we also have 10 in Poland, one in Ireland and one in Austria.

“We are actively looking in Germany at the moment and plan to open a store there in the next six months.”

The company reported positive like-for-like sales for the 10 weeks from August 24, despite the mild weather.

”Both our high street stores and online sales have performed very strongly, demonstrating that with the right multichannel offer there is still plenty of life in the high street,” said Neale.

“2014 is looking to be a record-breaking year and we plan to continue that growth next year, both in the UK and elsewhere, with more new stores, better websites and by ensuring that we continue to deliver great products that represent fantastic value to our customers.”

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