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Scots weather helps drive Mountain Warehouse expansion | Scots weather helps drive Mountain Warehouse expansion |
(1 day later) | |
Outdoor clothing retailer Mountain Warehouse is opening more Scottish stores - partly in response the country's unpredictable weather. | Outdoor clothing retailer Mountain Warehouse is opening more Scottish stores - partly in response the country's unpredictable weather. |
Company founder Mark Neale said a new store would be opening on Edinburgh's Royal Mile in time for festival season. | Company founder Mark Neale said a new store would be opening on Edinburgh's Royal Mile in time for festival season. |
He also outlined plans for further expansion in the city, as well as in Aberdeen and Inverness. | He also outlined plans for further expansion in the city, as well as in Aberdeen and Inverness. |
Mr Neale told the BBC: "This famous Scottish weather is usually good for us." | Mr Neale told the BBC: "This famous Scottish weather is usually good for us." |
His comments come as Mountain Warehouse announced its 22nd year of company growth. | His comments come as Mountain Warehouse announced its 22nd year of company growth. |
Sales for the past year went up 13% to £255m, while pre-tax profit stood at £23.7m - a 14% increase from the year before. | Sales for the past year went up 13% to £255m, while pre-tax profit stood at £23.7m - a 14% increase from the year before. |
'Compete with rivals' | 'Compete with rivals' |
Speaking on BBC's Good Morning Scotland programme, Mr Neale said: "I listened to the weather forecast and it brought a little smile to my face. | Speaking on BBC's Good Morning Scotland programme, Mr Neale said: "I listened to the weather forecast and it brought a little smile to my face. |
"This famous Scottish weather is usually good for us, but having said that we've now got ranges of shorts and sandals and summer dresses and so on - so if it's a sunny day then we can cope as well." | |
Mountain Warehouse - which has several hundred UK outlets - is now looking to open 20 more stores. | Mountain Warehouse - which has several hundred UK outlets - is now looking to open 20 more stores. |
"We've signed for a second store in Edinburgh, on the Royal Mile, that we hope to get open in time for the festival," he said. | "We've signed for a second store in Edinburgh, on the Royal Mile, that we hope to get open in time for the festival," he said. |
"We're looking at another Mountain Warehouse in Inverness, something in Aberdeen and we're hoping to open a much bigger store on Princes Street in Edinburgh." | "We're looking at another Mountain Warehouse in Inverness, something in Aberdeen and we're hoping to open a much bigger store on Princes Street in Edinburgh." |
Mr Neale said his company had managed to compete with rivals by selling own-brand products - which were often made in the same factories as pricier brands. | Mr Neale said his company had managed to compete with rivals by selling own-brand products - which were often made in the same factories as pricier brands. |
He added: "Some of the 'death of the high street' things you read about are a bit overrated, I think. We opened in St Andrews relatively recently and that was a town that we'd been trying to get into for years." | He added: "Some of the 'death of the high street' things you read about are a bit overrated, I think. We opened in St Andrews relatively recently and that was a town that we'd been trying to get into for years." |
Mr Neale said the company would also continue to expand in Europe, despite continued uncertainty over the UK's departure from the EU, adding: "We could do with a bit more certainty and stability." | Mr Neale said the company would also continue to expand in Europe, despite continued uncertainty over the UK's departure from the EU, adding: "We could do with a bit more certainty and stability." |
For the latest business news as it happens, follow BBC presenter Andrew Black's updates each weekday morning on BBC Radio Scotland's Good Morning Scotland programme between 0600 and 0900. | For the latest business news as it happens, follow BBC presenter Andrew Black's updates each weekday morning on BBC Radio Scotland's Good Morning Scotland programme between 0600 and 0900. |
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