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third fiscal quartre

Gear4Music bangs the drum in third fiscal quarter

UK Music superstore Gear4Music has struck a chord with retailers over the Christmas period, with total sales up 42% to £36 million in the four months to December 31st, compared to £24.4 million over the same Christmas period in 2016.

The company said that strong international demand has driven sales, with sales across mainland Europe up to £15.8 million compacted to £9.4 million during the same final quarter.

“We are very pleased with our trading performance over the last four months, with sales growth of 42 per cent building on the 44 per cent achieved in the first half, and trading for the year to date is in line with the board’s expectation,” commented Andrew Wass, chief executive, Gear4Music.

“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.

“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.”