Jollyes’ turnover hits £86 million in a year
The British retailer, which has seen a 15% rise in profits, will add five new stores after acquiring local player Penparc Pet Centre.
Jollyes posted a turnover of £86 million ($102.4M / €99.9M) in FY 2022.
“While we’re delighted with the numbers, our performance is about people and a passion for pets,” claimed Jollyes’ Executive Chairman, Richard Cotter.
The retailer has grown its number of stories by almost 30% in a year, making it “one of the fastest-growing physical retailers in the UK.” Next year it expects to open a further eight stores.
Jollyes has just added five new stores from the Penparc Pet Centre following the acquisition of the retailer and now has 80 stores across the country. In addition, Jollyes’ workforce also grew by 164 employees in the last 12 months (+25%).
£100 million next year
The retailer is now eying up a potential turnover of £100 million ($119M / €116.4M) for 2023.
“Whether organically or through acquisition, we remain ambitious as we seek other opportunities to grow,” commented Jollyes CEO Joe Wykes, who was promoted to the new role in May.
In addition to its store network, Jollyes has invested in distribution through a new contract with the logistics supplier Wincanton, along with its click-and-collect service, extended online ranges, and staff training.
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