Thursday December 11 2014

Manchester’s LSE Retail Group Ends 2014 with Record Turnover

Manchester’s LSE Retail Group Ends 2014 with Record Turnover

Eccles-based LSE Retail Group is ending the year on a high; ranking among the top three Manchester firms in the Fast Track 100, approaching a record turnover and expanding overseas.
The online lighting retailer, behind the MiniSun brand, Iconic Lights and Value Lights, came 15th in the Sunday Times Virgin Fast Track 100 league table published yesterday (7th December). With 120 per cent annual sales growth from 2010-13, LSE joins Missguided (5th) and Zeus Capital (9th) in the city’s top three firms.
This is the latest in a string of successes for the firm, which is on track for a £10.5 million turnover in 2014, having recently begun trading overseas in Germany and expanding to a new 80,000 sq ft warehouse in Eccles.
David Gutfreund, managing director of LSE, says: “We’re pushing ahead with ambitious plans for growth in 2015, so ending this year so strongly gives us that extra confidence to set the bar even higher. It’s a real honour to be ranked among the UK’s top businesses on such a prestigious list and it makes me proud to see our fellow Manchester firms featuring so heavily.
“We’re aiming for £15 million turnover next year and will continue employing new staff to keep pace with the rapid growth we’re currently witnessing, and I have every confidence we’ll exceed these targets as we head into 2015.”
The recent surge in online activity around Black Friday and Cyber Monday further boosted LSE’s success, with a 30 per cent spike in orders during the busy four-day period and some 2,700 orders placed on Cyber Monday alone.
LSE’s 80,000 sq ft warehouse in Eccles, which opened for business in August, allows for further expansion both in the UK and internationally. The company recently began trading profitably in Germany and currently employs two fluent German speakers, bringing total staff numbers to 50. 


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