Due to rising demand for pet products Jollyes, a British pet store chain, will open new stores across the UK.
From June to November, the company increased its profit by 12.5% to £42 million (€50M, $56.6M). According to the company, the sales in December broke all records.
“To come through the pandemic and all of the challenges it has presented to retailers in such good shape is testimony to the hard work of everyone at the business,” said executive chairman Richard Cotter.
Jollyes could record an increase by 60% for its premium Lifestage dog food. Also, the combination of wet & dry purchases and frozen raw food can register an upward trend.
Along with Kester Capital, the company aims to open 20 new stores over the next 18 months. Jollyes wants to focus on expanding in Scotland and Wales.
After buying Yorkshire-based The Pet Store and Bannerbrook Pets in 2021, the company searches for more acquisitions.
Due to the increase of revenue of 21% in the third quarter, Jollyes revealed the opening of 20 new stores. The company intends to open new stores in Northern Ireland too.
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