Saturday, October 31, 2020

Bathroom retailer invests more than £1m to expand footprint, headcount

A Leeds-headquartered bathroom retailer has invested more than £1 million to expand its footprint and headcount in the four months since lockdown restrictions were lifted.

Easy Bathrooms has opened ten new stores, bringing its national total to 60, and has grown its headcount by 70, bringing total employees to more than 420.

Since June, the £50 million firm has opened stores in Dereham, Bristol, Watford, Slough, King’s Lynn, Harlow, Worcester, Warrington, Romford, Crawley and Beckton.

10-year leases have also been signed on a further ten showrooms across the UK, which are set to open by the end of the year, meaning the brand will have 70 showrooms by 2021 – more than any other bathroom retailer.

The firm saw a turnover of £33 million in 2019, which is set to grow by 52% in 2020 to £50 million. Further growth and an additional recruitment drive are expected in 2021.

“During the COVID-19 lockdown, we were able to leverage the demand for DIY home renovation, whilst simultaneously increasing our product offering,” said founder and MD, Craig Waddington.

“The retail landscape has changed, but there are still opportunities available, and we are grabbing them with both hands. For example, prime retail property space is becoming vacant, and we are being approached directly by agents to take these units on.

“As we grow our network of showrooms, we become a more nationally recognisable name, which bolsters our reputation and supports all areas of the business, including the trade side.

“It is a very exciting time for the business, with strong results, and we are proud to be able to create employment opportunities during the pandemic.”

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