Gear4music reports sales of over £34m in pre-Christmas period

York-based Gear4music has reported an increase in total sales of 42% for the four months leading up to Christmas.

During the period from 1st September 2017 to 31st December 2017, the largest UK-based online retailer of musical instruments and music equipment saw sales reach £34.5m, which is up from £24.4m at same time last year.

Gear4Music reported a UK sales increase of 25% to £18.7m, while its global sales reached £15.8m - showing a 69% rise compared to the previous year.

The retailer also noted that during this time, active customer numbers were up by 38% to 450,000 at 31st December 2017, compared with 31st December 2016.

Andrew Wass, Gear4music’s chief executive officer, said: “We are very pleased with our trading performance over the last four months, with sales growth of 42% building on the 44% achieved in the first half, and trading for the year to date is in line with the board’s expectations.

“This has been achieved as we continue to invest in our customer proposition, marketing, people and websites, all with a view to enhancing our long-term growth prospects.

“Growth in our more established UK market has remained strong alongside very strong growth in our international markets which are being further driven by an improved delivery proposition as we continue to scale up our European hubs.

“Our Swedish distribution centre now fulfils over 50% of all our Scandinavian orders, and our German Distribution centre, which became operational just 10 months ago, dispatched over 800 orders on its busiest day in December.

“We are confident that the Group will continue to grow rapidly over the medium and longer term, as we continue our mission to become the best musical instrument and equipment retailer in Europe.”

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