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Gear4Music Posts 58% Sales Gain

...advanced 50% to 340,000 and earnings before interest, taxes, amortization, and depreciation (EBITDA) was £3.6m ($4.64 million USD).

Chief Executive Andrew Wass attributed the outsized gains to strong performance in Europe, and the continued trend of consumers shopping online. “We are well positioned post-Brexit,” he said. Plans are in place to open additional distribution centers in Sweden and Germany to enhance customer service in Continental Europe. In addition, the retailer is moving to a larger 50,000-square-foot headquarters in Holgate Park, York.

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