MEMBER NEWS
Online construction materials retailer celebrates record growth
Online construction materials retailer
cmostores.com is continuing to see rapid expansion with 2018 sales increasing by 44% continuing a trend of record growth. With the firm’s e-commerce
model continuing to grab market share from traditional builders’ merchants, consolidated group revenue rose 220% in just three years from £12.1m at the end of 2015 to £38.6m in the year to 31 December 2018. The business is now predicting further turnover growth to around £50m in the current financial year and will soon be launching two new superstores. Over the last 12 months, the Plymouth-based company has seen a 35% increase in visits to its four online superstores which supply in excess of 70,000 products across the build cycle to both trade and DIY customers. The business is also expanding its trade offering so that professional contractors can now benefit from trade credit, exclusive discounts, rebates and rewards. “Online retail has revolutionised
the high street and the many benefits of internet shopping including improved product choice
Inside the warehouse at
cmostores.com (above), and Andy Dunkley, CEO at
cmostores.com (right) Sue Packer, Chief Financial
as well as time and cost savings are increasingly being taken into more traditional and trade sectors by forward-looking e-commerce businesses,” said Andy Dunkley, CEO of
cmostores.com. “As a result, we’re seeing phenomenal growth with our disruptive model already having a major impact on more traditional builders’ merchants. “Over the past year, we’ve been
‘These latest results mark another key
milestone in our development’
continuing to invest in developing our operational and executive team to ensure that our business is scalable with further significant expansion expected as we focus on enhancing our trade division. As a business, we are well on track with our plans and have an ambitious vision to establish ourselves as the leading brand in online construction products.”
Officer at
cmostores.com, added: “We have a clear plan and these latest results mark another key milestone in our development. We are financially robust and have huge potential for further growth. Already, we have been able to establish ourselves as a credible alternative by putting customers firmly at the centre of our proposition. Investment in providing user-friendly platforms, backed up by a knowledgeable sales team, has set us apart. “We also place great emphasis
on building strong, mutually- beneficial relationships with our supply partners enabling us to add the latest, innovative products to our online superstores. We look forward to building on this success
as we continue to serve both DIY enthusiasts and the building trade. “In 2018,
cmostores.com
acquired Webestores, successfully integrating it into the company’s online platform as
doorsuperstore.co.uk alongside its existing
roofingsuperstore.co.uk,
drainagesuperstore.co.uk and
insulationsuperstore.co.uk websites. Door superstore is flying and will be this year’s best growth performer.” Established in 2008,
cmostores.com (previously known as Construction Materials Online) is a second-generation family business that now employs a 100- strong team at its new, larger headquarters in Plymouth.
Visit:
www.cmostores.com
cmostores.com’s Plymouth headquarters
6Chamber Profile Winter 2019
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