Retailers

Pets Corner expects ‘record year’ as it reports £46m turnover

Retailer Pets Corner has released its financial results and reported a turnover of £46m for the year ended September 2017.

This was up from the previous year’s turnover figure of £39.4m. The company also saw an increase in its gross profit, up from £23m in 2016 to £27m in 2017.

The retailer said it expected 2018 to be a “record year” and revealed plans to transform its branded Pampurred outlets, which it acquired in 2016.

For the year, it opened two new Pets Corner stores and rebranded 10 Pampurred outlets. This brought its total number of stores up to 130.

In the report, its directors said: “We are satisfied with the results of the year and consider the state of affairs  of the company to be satisfactory base don the considerable cost of new stores opened during the financial year.

“Profitability in the company remains healthy despite growing competition in the market and the current economic climate.”

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