Jollyes revenues soar as it aims for 100 pet stores
Pet store chain Jollyes posted record sales last year after sales rose from £87m to £115.3m
Pet store chain Jollyes achieved record sales last year after sales rose from £87m to £115.3m.
UK rival to listed giant Pets at Home is aiming for more than 100 stores in the UK as it capitalizes on the momentum of the pandemic.
Millions of households acquired a pet during Covid, resulting in a surge in demand for pet food and accessories.
Rising sales: Millions of households acquired a pet during Covid, resulting in a surge in demand for pet food and accessories
Jollyes CEO Joe Wykes said his long-term goal is to reach £350m in revenue and have up to 250 stores.
His ambitions include enabling the company within the next four to five years.
“I feel like we can do what Pets at Home did, only better,” he claimed.
Pets at Home was listed on the London Stock Exchange in 2014 and is now valued at almost £2 billion with over 450 stores across the UK. The share price has risen by 20 percent in the past year.
Jollyes has a much smaller presence than Pets at Home, but Wykes is confident his company is “making a dent in their ambitions.” “We feel like we’re hurting them,” he said.