Go Outdoors Retail returns to profitability amid physical retail push

Go Outdoors Retail Limited has announced a return to profitability for the 52-week period ended February 1, 2025, despite a slight decrease in turnover due to the previous year's additional week.

According to a Companies House report, the retailer made a profit before tax of 9.7 million pounds, a significant turnaround from the 1.5 million pound loss before tax in the previous period. Turnover decreased by 1 percent to 341.197 million pounds due to the additional 53rd week last year, but revenue over a 52 week period increased YoY due to an increase in net space across the store estate. Gross profit margin saw a substantial increase to 45.7 percent from 41.0 percent, attributed to improved cost control and better inventory management.

The company continued to invest in its physical presence, opening new stores and relocating one site to York, which became the largest Outdoor store in Europe and won the "Best New Store Award" at the Retail Week Awards. Three million pounds was invested in upgrading existing stores to align with the newer flagship models.

While the online market experienced a contraction during the period, demand for Go Outdoors' product range remained robust, driven by growing consumer awareness of the physical and mental health benefits associated with outdoor activities. The directors expressed confidence that this trend will continue, with Go Outdoors' welcoming in-store atmosphere encouraging customers to embrace an active lifestyle.

This article was created with assistance from AI.