In This Issue
Charles Notcutt, garden centre industry pioneer
Tributes pour in to founding father of garden retailing
Flaming June is a scorcher for sales, breaking GTN Bestsellers record
Fairways to open third centre near Coventry
Concession income a high spot for Wyevale
Sinclair needs new funds within weeks says chairman
The sun is shining for SOLEX
Last chance to book your place at the GIMA Awards
'Polish up your act to gain competitive export edge' suppliers urged
The Greatest Outdoor Living Sales gold winners to be presented at spoga+gafa
Check out the plants of the future at Ball Colegrave's Summer Showcase
HTA Futures is the venue for The Greatest Garden Centre Team Awards 2015
Glee ops team are crowned top show organisers
Assistant Commercial E-Commerce Manager - Worcestershire
Technical Manager /Buyer - Suffolk
Garden Centre Manager - South London - Newly Developed Site
Plant Buyer - Romsey
Final call for Garden Re-Leaf cash
Lighting feeds sales boost
Show garden celebrates the influence of women in gardening
Glee organisers launch retail guide for independent businesses
Now Kiwi gardeners can grow Mr Fothergill's seeds
Salad days for veg in June
New vintage emporium seeking a garden centre tenant
Heat prompts rise in bark sales
Byrkley Park is target for thieves
Look who’s been #Glovie 'd at Hampton Court!
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
All the latest news from the world of garden centre catering
New food businesses offered £60k investment chance
Casual Dining wins Best Trade Show Award for a second year
Situations Vacant
Assistant Commercial E-Commerce Manager - Worcestershire
£18k -£20k per annum
Read more»
Technical Manager /Buyer - Suffolk
£40k -£45k per annum
Read more»
Garden Centre Manager - South London - Newly Developed Site
£32.5k - £36k per annum
Read more»
Plant Buyer - Romsey
Salary commensurate with experience
Read more»
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Contact us with your news.  Email neil.pope@tgcmc.co.uk, or trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700

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Concession income a high spot for Wyevale

Wyevale Garden Centres have posted increased sales, operating profit and gross margins for 2014 – and are predicting further growth through acquisition and full implementation of multi-channel retailing.

Sales in the year to 28 December were up 5% to £290m – the majority of the growth driven by acquisitions, including the 2013 addition of three centres plus the Garden & Leisure chain as well as the nine additions made in the accounting year.

Concession income provided a notable highlight, rising £3.8m to £18.1m as concession numbers rose from 478 to 566, a trend that looks set to continue. Wyevale say they are identifying non-core categories where the stable rental income from concessioning is more profitable than offering these products directly, despite the overall retail revenue reduction.

Operating profit increased last year from £22m to £34.1m while gross margin went up 3.3 per cent to 56.5 per cent, largely as a result of a focus on the supplier tendering process and central hub distribution, improvements in cost control, stock wastage reduction at centres and steps to drive down the cost of back office support functions.

The annual report says a key event over the next twelve months will be the launch of a full multi-channel offering which, with home delivery and Click-and-Collect, will offer easier shopping.

The group spent £28.3m on acquisitions and £34.6 million on capital expenditure across an improvement programme in 31 stores.

The report says the best indicator of progress in the group is the increased EBITDA of £56.1m – but net debt was also up from £273.1m in 2013 to £335.7m.

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