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Retail

Angling Direct sees momentum continue in October

Sales remained robust throughout October and although the physical stores are now closed as per new lockdown restrictions they remain open for call-and-collect purchases

Angling Direct PLC (LON:ANG) said its stores are now closed as per the UK government’s new coronavirus lockdown restrictions but will remain trading through a call-and-collect service.

Angling Direct added that its web store remains fully operational for both the UK and European sales, and its distribution centre is geared to fulfil increased demand through this channel, with the upcoming Black Friday and Christmas period.

The largest specialist fishing tackle and equipment retailer in the UK continues to reel in the customers with the momentum achieved in the first half of its financial year (i.e. six months to end-July) being sustained and sales remaining robust through October.

The company said its balance sheet and liquidity position remains strong and the majority of its key suppliers have confirmed that they will continue to operate during the lockdown period. As a result, the board confirmed that the group continues to trade in line with market expectations for the current fiscal year.