Gear4music: Progressive
Double-digit sales growth and market consolidation
has published a positive trading update for both its UK and European operations with recent double-digit like-for like (LFL) sales growth. With two significant price discounters in the UK and wider European markets going into insolvency recently, this should not only result in a more benign pricing environment but also other commercial upsides, including market share and gross margin gains, and opportunistic asset purchases.
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