Scottish outdoor retailer Trespass hits £100m turnover

By

Barbara Santamaria

Published
Apr 5, 2019

Britain’s changeable weather has sent outdoor retailer Trespass’ sales and profits surging, with the Scottish firm posting turnover of more than £100 million for the first time in its history.

Pre-tax profits more than doubled to £8.89 million in the year to June 24, from £4.18 million in the prior year, the company’s latest accounts revealed. Meanwhile, sales increased by 15% to £114.3 million.

Owned by Jacobs & Turner, the Glasgow-based outdoor and sports retailer has over 200 locations across the UK and mainland Europe, as well as a wholesale business and an ecommerce website.

“Undoubtedly, company sales were boosted by the wet summer of 2017 and the subsequent cold winter, culminating with ‘the Beast from the East’,” management said in a strategic report of the firm’s annual performance.

“The directors are pleased that the programme of investment undertaken in recent years is starting to bear fruit with an excellent group trading performance this year.”

Sales grew across all divisions, and a “considerable” investment in web development has resulted in “steady increases” in online sales, Trespass said, highlighting that the results came despite the economic uncertainty surrounding Brexit and the continued volatility in currency markets.

A divided of £4.4 million was made to company owners Afzal and Akmal Khushi, up from £0.2 million in the prior year.