Outdoor clothing company Mountain Warehouse has seen a record revenue with sales at its highest in the retailer’s 28-year history.
In the 52 weeks to February 23, Mountain Warehouse revenue reached £450m, up 16.4% year on year. Pre-tax profits also grew from £26.2m to £33m.
The group increased its in-store sales, including like-for-like growth of 5.5%. Ecommerce sales also now account for almost a third of its revenue.
Total store revenue rose 19.1%, helped by 65 new openings and 17 relocations with many being larger stores on retail parks.
Mountain Warehouse also opened its first five stores in Brisbane and Melbourne, Australia, during that financial year along with Banff, Winnipeg and Saskatoon in Canada. Since the year end, a 400th store opened in Auckland, New Zealand.
It also acquired US outdoors brand Eastern Mountain Sports (EMS) in September, with six stores in tow.
More expansion is planned with up to 50 new branches and relocations expected in the financial year 2026, with added stores in the UK, Ireland, Australia, New Zealand, Poland and Canada.
Its UK focus has been on opening larger stores and in retail parks, with larger outlets able to stock a much wider product range.
The Mountain Warehouse Marketplace where third-party sellers can list products on its website, is another way the group is diversifying. It generated an annual revenue of £5m.
Mountain Warehouse founder and chief executive Mark Neale said: “I’m proud of the team for delivering another set of record results, despite the challenging retail environment.
“The strong pipeline of new, larger stores that we have both in the UK and international markets means that we should be knocking on the door of £500m revenue in the current year.
“And I actually think we have more opportunities for growth now than at any point I can remember – both in the UK and elsewhere, in stores and online.”
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