Mountain Warehouse Set to Enter U.S. Market
The U.K. retailer set to purchase the assets of EMS parent Mountain Sports LLC returned to profitability for fiscal ’24, closing out the year ended Feb. 29 with a 4% top line gain to £386 million while inking pre-tax profits of £26.2 million over a £1.5 million loss prior due to pandemic-related costs. E-commerce results were up 2%, penetrating at nearly one-third of revenue compared to just under 25% pre-pandemic. Continued store investments during online-dominated lockdowns paid dividends as the fleet turned in 7% growth, bolstered by 28 new or relocated ... Log in to view full article.