Gear4Music has posted sales of £118.3 million for the 13 months to March 2019 after a year which saw the business struggle to meet peak demand for its range of musical instruments and accessories. UK sales, at £63.6 million, were 33 per cent up on the same period last year, with sales from Europe and the rest of the world at £54.7 million, were 41 per cent up.
In a statement, the business said: “After careful consideration, in the short term, were now planning to alleviate peak trading capacity restraints by improving the efficiency of our distribution and logistics management systems. Where applicable, we will optimise our load balancing and order fulfilment within our European distribution centres, where we have significant capacity headroom. This will delay the need to expand the footprint of our UK warehouse operations, and ensure our longer-term commitments in the UK are minimised during a period of political uncertainty.”
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