Gear4music reports busy Black Friday and Cyber Monday trading

Musical instruments retailer Gear4music said that its systems and supply chain operations performed well over the busy Black Friday and Cyber Monday period.
By Ros Snowdon
Published 2nd Dec 2021, 07:51 BST
Updated 2nd Dec 2021, 07:52 BST
Andrew Wass, Gear4music's chief executiveAndrew Wass, Gear4music's chief executive
Andrew Wass, Gear4music's chief executive

The York-based firm, the largest UK-based online retailer of musical instruments and music equipment, said it is confident that its full year financial results will be in line with the recently revised consensus market expectations.

Gear4music believes that consensus market expectations for the year to March 31, 2022, are currently revenue of £149.2m and earnings of £12m.

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The firm also announced that it has completed the acquisition of AV Distribution, an online retailer of home cinema and HiFi equipment.

Andrew Wass, Gear4music's chief executive, said: “We are very pleased to have completed the acquisition of AV Distribution trading as AV Online, and welcome the team into the Gear4music Group.

"AV Online is an online retailer of audio-visual equipment, including HiFi speakers and home cinema systems.

"With the launch of AV.com scheduled for January, we look forward to building on the profitable growth achieved by AV Distribution, and leveraging the strength of our e-commerce platform and our European infrastructure to accelerate our growth in this £2.7bn European market.”

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