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16 Mar, 2022 14:27

Angling Direct completes Brexit-proofing as Dutch warehouse opens

dl angling direct aim fishing tackle equipment retailer logo
Angling DirectSharecast graphic / Josh White

Fishing tackle and equipment retailer Angling Direct announced on Wednesday that its new European distribution centre was now fully operational, and shipping to customers across the European Union.

The AIM-traded firm said the opening of the 3,940 square metre facility in Venlo, the Netherlands, was a “significant milestone” in its international omni-channel growth strategy.

It said the facility would provide logistical capacity to support future growth, and would help to mitigate increased export costs and extended customer fulfilment times post-Brexit, which had impacted its recent periods.

The new facility would stock more than 18,000 stock-keeping units (SKU) from over 80 suppliers, tailored specifically for the company’s European customers, and enable it to offer priority delivery across the EU.

Angling Direct’s management was now focussed on optimising its European growth strategy, the board said, supported by its international commercial team.

“We are delighted to have opened our new European distribution centre and to be delivering products to customers across this strategically important region,” said chief executive officer Andy Torrance.

“We see a significant opportunity to continue to grow our market share and European expansion remains a key pillar in the company's growth strategy.

“As a result, this new facility will help us accelerate delivery of our strategic plans in a more cost and time efficient manner.”

At 1251 GMT, shares in Angling Direct were up 11.58% at 53p.


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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.