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Mountain Warehouse sales jump 22%

Outdoor clothing retailer Mountain Warehouse saw sales climb 22% to £225.3m in the year to 25 February, marking 21 years of revenue growth.

Like-for-like sales rose by 14%, with pre-tax profit up to £26.6m from £19.6m in the previous year, showing an increase of 35.6%

Online accounted for a quarter of all sales, rising by 32% against the previous year. International sales accounted for almost 30% of total sales, rising by 36.5%.

Over the year the company expanded into New Zealand and Holland, meaning it now has stores in nine countries.

The 25 additional stores opened during the financial year created 300 jobs within the company.

Forty additional stores are planned for the upcoming financial year, half of which are due to be overseas.

New UK store openings are set to include Mumbles, Ryde, Epping, Swansea, Oxford, Woodbridge, Malvern, Lyme Regis, Amersham and Crewe.

Founder and CEO Mark Neale said: “We’ve all seen the struggles some retail business are having. At Mountain Warehouse, our relentless focus on value for money [and] everyday outdoor gear for all the family has continued to resonate with our customers.

“We grew rapidly during the last downturn and I’m confident we will continue to grow over the coming year. We do not subscribe to talk about the death of the high street. If you have the right products at the right price, with good service, customers will keep shopping with you if you have the right retail locations.”

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