Cotton Traders to go into 10 more garden centres

Cotton Traders is to expand into motorway service stations as well as 10 more garden centres this year.

Co-founder Fran Cotton is moving from managing director to executive chairman, taking over from Sir David Jones.

New managing director will be Nick Hamblin, who is promoted from retail director.

Leisurewear brand Cotton Traders plans to open up to 16 new service station shops over the next 12 months, as well as opening 10 stores at garden centres.

Cotton said the expansion would create up to 400 jobs in total.

Cotton Traders currently operates shops at 74 garden centres and employs around 1,200 staff.

Cotton said:

"Garden centres has shown to be a good strategy and our shops at motorway services have performed extremely well, leading us to believe we can do a lot more.

"There is huge footfall at services and there is sufficient dwell time to make them a good proposition for us. They are also going a bit more upmarket and establishing themselves as retail venues in their own right, which suits us."

Sales for the year to January 31 are forecast to be £76m, up from £69m with profits flat at about £6m. Revenues for the next 12 months are predicted to reach £84m with underlying profits of £7m.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Is local 'reveg' a commercial opportunity in the UK?

Is local 'reveg' a commercial opportunity in the UK?

Botanist Dr Trevor Dines suggests there are commercial opportunities for local seed supply in the UK.

What next for Bunnings UK after massive write-down?

What next for Bunnings UK after massive write-down?

Australian analysts suggest Wesfarmers could pull out of the UK following the continued woes of Bunnings/Homebase UK & Ireland, but is there a way forward for the 250-store DIY/garden centre group?

Business planning - cash-flow management

Business planning - cash-flow management

Wider market volatility can have a big impact on cash flow but there are ways to avoid problems, Neville Stein explains.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy