Angling Direct shares sink as tough competition drags on margins
Angling Direct's margins weakened as it tried to remain competitive with prices after heavy discounting by rivals
Company
Angling Direct PLC
LON:ANG
Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK. The company sells fishing tackle products and related equipment through its network of retail stores, located strategically throughout the UK as well as through its leading digital platform and other third-party websites.
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Angling Direct reels in record first half driven by strong performance both online and in-store
Angling Direct reported a 56% rise in revenue, despite the hit to sales from the ‘Beast from the East’ earlier in the year and the more recent period of hot weather
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The Ted Carter Fishing Tackle store is roughly 3,000 square feet in size and will be re-branded upon acquisition as Angling Direct Preston
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Angling Direct said it is already attracting regular custom from outside of the UK and last year generated revenue from over 40 countries, with all sales coming through the website.
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