Pets Corner Sees Turnover Grow To 46m

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Pets Corner sees turnover grow to 46m
10th July 2018

By Sandra Pearce
 
Pets Corner, the second-largest pet chain group in the UK, has seen turnover rise to more than £46m, up from £39m the year before.
 
In its annual financial report, the directors also reported a gross profit of £27m, up from £23m.
 
The directors said in the report: “Following the successful acquisition of Pampurred Pets by the Group in 2016, we have continued to invest heavily in our rebranding policy and have seen both strong like-for-like sales and margin growth across the business. 
 
RECORD YEAR
 
“2018 is set to be a record year in excess of expectations, with the remaining Pampurred branded stores set to be transformed into the best that Pets Corner has to offer.”
 
The group says it now has 130 branches – it opened two stores, relocated one to a better site, rebranded 10 former Pampurred Pets stores and closed one. 
 
Pet Family, the parent company which operates Pets Corner, bought the 50-strong PamPurredPets for £6m in March 2016. It went on to close 18 under-performing stores between the acquisition and September 2017.
 
The chain, which employs 780 people, faces a continuing risk from ‘competitive pressures and current economic climate’, which could result in ‘price reductions and loss of customers’. 
 
In its report, the directors said: “The company manages this risk by ensuring that they provide all staff with extensive training so that they can provide customers with the best possible advice and service in order to maintain customer loyalty and repeat business. At the core of the business is a commitment to the environment, animal welfare and providing the best value to customer.”