Essential reading for retailers and suppliers in the home improvement market

Sales exceed £750m at The Range

Published: 21 November 2017 - Sue Deane

Turnover has increased to more than £750m at The Range as the discount retailer continues to expand with new store openings.

The company recently secured planning consent for a superstore and new headquarters in Plymouth, the site of its first outlet. There are now more than 145 sites across the UK and Ireland.

In October The Range secured planning permission for a superstore and new headquarters on a former Ministry of Defence (MoD) site in Plymouth. The development could create about 570 jobs.

The retailer also opened a 1.2 million sq ft distribution centre in Bristol, creating more than 1,000 jobs, earlier this year.

The latest accounts for parent company CDS (Superstores International) Ltd show turnover rose to £761.3m in the year ending 29 January 2017, up from £674.m in 2015/16. Pre-tax profit also increased to £67.5m from £57m the year before.

The range opened 16 new outlets during the period as part of its ongoing expansion programme including a store in Limerick, Ireland in August 2016. Expansion has continued into the current financial year with its 145th store recently opened in Llanelli, South Wales.

In their report the directors said: "Gross profit increased by 10% as a result of the increase in turnover, achieved by increasing the turnover in existing stores and increasing the number of trading stores but maintaining the level of fixed costs. The group is optimistic about the future given the continued growth and associated economies as well as the strength of the concept.

"The directors aim to maintain the management policies which have resulted in the group's substantial growth in recent periods. They consider that 2017/18 will show further significant growth in sales from continuing operations."




(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

What do you think?

With the festive season and any purchases now in full swing, are your tills ringing and are you expecting strong sales this December?

Latest reader comments

re: Amazon late for launch down under

...and no doubt paying miniscule tax revenue to Australia, as per their global operations elsewhere....

re: Tommy Walsh: 'I'm really proud of my £1 tools'

I bought 2 pairs of small pliers from pound land and on first use to close a soft crimp on my fishing line snapped in my hand and gave me a ...

re: Flooring Republic set for “monster growth” in UK

Thomas Morgan
After months of searching for the correct flooring, my wife finally found one at Flooring Republic. We purchased the wooden flooring for ...

re: Retailers urged to be wary of counterfeit goods on Black Friday

Dino NicK
The only reliable way to STOP the fakes market is by serializing the original goods and offer the possibility to end consumers to check the ...

re: Pest-Stop helps blitz bed bugs

Hi Ely,The active ingredient is permethrin and is a fumite type product in which the fuse is lit for the product to work in the target area....

Most read stories

Jobs Board

Newsome Tools are a privately owned company established  50 years ago. We have an enviable r...