Retail Merchandiser Volume 63, Issue 2 Volume 63, Issue 2 | Page 50

Skyrocketing sales
In 2022 , the outdoor retailer was awarded a £ 2.7 million funding package from HSBC UK , backed by UK Export Finance ( UKEF ), to support its international growth . Indeed , with the funds , the company intends to purchase more stock to meet an increasing demand for its products in both the UK and beyond , as well as helping to fund the launch of a new footwear range .
Since the pandemic , more and more people are embracing the idea of going outdoors . And it ’ s not overly surprising when so many were cooped up for months at a time . But that ’ s something
Alpkit is determined to facilitate .
The more outdoors , the brand suggests , the better – and that ’ s good for business . Alpkit has seen its sales skyrocket : cycling , outdoor swimming , and technical gear lines have all shown impressive growth . In the
near future , and hopefully accelerated by these funds , the British business intends to expand its other product ranges and digital trading capability worldwide . In response to receiving the finance package , David Hanney , Chief Executive at Alpkit , said : “ This deal will help accelerate our growth as we look to capitalize on a significant increase in demand domestically and internationally . It also means we can invest in innovation to create lower impact , long-lasting technical outdoor gear that is both repairable and recyclable .
“ HSBC UK has stood side by side with us ,” he went on , “ providing support through the good and the challenging times . Our Relationship Manager at the bank , Anthony Greenfield , has been a constant source of support and reassurance , which has been immensely valuable .”

Need a new outdoor camping gear supplier ?

For over 20 years EAGLESIGHT have helped our clients turn their ideas and designs into professional outdoor gear and equipment .
To see how we can help your next camping project , visit www . sleeping-bag . net
or email benjaminhuo @ eaglesight . com
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