View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 9, 2011

UK: Booths outlines expansion plans

UK regional retailer Booths, which this week secured funding for expansion, has said it is looking to open eight more stores in the next five years.

By Dean Best

UK regional retailer Booths, which this week secured funding for expansion, has said it is looking to open eight more stores in the next five years.

Booths outlined its expansion plans after announcing it had agreed new financing deals.

“Booths is looking to grow the business organically and open up to possibly 8 stores over the next four to five years with two store openings this year in Media City [in Manchester] and Penrith,” a spokesperson told just-food. “We are looking to continue to develop stores in market towns in the North West as well moving into the city areas particularly around the Manchester area.”

The family-owned retailer is based in Preston and has 26 outlets in northern England.

In the year to the end of March, Booths grew sales and profits. The retailer said its net profit before tax was GBP8.2m (US$13.1m), compared to GBP7.6m a year earlier. Sales were GBP270m, up from GBP269m.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food