Sunshine and Showers

Sunshine and Showers

max temp: 14°C

min temp: 10°C

ESTD 1874 Search

East Anglia: QD Stores acquires discount retail chain Thingmebobs

15:59 08 January 2013

QD Stores has expanded with the acquisition of the Thingmebobs discount chain

QD Stores has expanded with the acquisition of the Thingmebobs discount chain

Archant

EAST Anglian-based value retailer QD Stores has expanded its high street presence with the acquisition of discount chain Thingmebobs.

The deal, the value of which has not been disclosed, follows a record-breaking Christmas trading period for QD, with like-for-like sales growing by 8.2% on the previous year.

Thingmebobs, which has annual turnover of about £6.5million, is based at Ingham, near Bury St Edmunds, and operates 10 stores, in towns including Bury, Sudbury, Newmarket, Haverhill and Felixstowe in Suffolk, Clacton and Halstead in Essex, Attleborough in Norfolk and Ely and March in Cambridgeshire.

The stores will continue to operate under the Thingmebobs brand, with no redundancies planned among the company’s 100-plus staff. Co-founder Colin Lawrence will take on a senior management role within QD.

QD Stores group managing director Justin Farrington Smith said: “This deal takes our group into market towns we have long aspired to attain a presence in.

“Thingmebobs offers quality, value products from established outlets staffed by a committed, long-serving workforce, making this acquisition a natural fit with tremendous mutual synergy.”

The acquisition boosts Norwich-based QD Stores’ network to a total of 49 outlets. Besides its QD-branded stores, it operates the Cherry Lane Garden Centre chain and Lathams of Potter Heigham.

Although main located in East Anglia and the Home Counties, it has stores as far north as Doncaster and west as far to Wrexham.

The company’s Christmas trading figures included like-for-like sales growth of 16.6% for decorations, novelties and lights, 33.3% for toys, 20.8% for menswear, 26.4% for groceries, 43.9% for cleaning products and toiletries and 26.4% for plants and seeds.

The acquisition of Thingmebobs follows on from expansion during 2012 which included the addition of three more garden centre sites and the joint redevelopment of its former Buyright site in Hadleigh to create a new 20,000 sq ft QD store, which is already trading, and a Morrisons supermarket, which is due to open next week.

Search hundreds of local jobs at Jobs24

0 comments

Dr Donald Gilbert of ProSynth receiving the company's Queen's Award fom Clare, Countess of Euston, Lord Lieutenant of Suffolk.

A Suffolk company which provides complex chemistry services for research and development work at some of the world’s leading pharmaceutical companies was yesterday presented with the Queen’s Award for Enterprise.

The East of England Co-op has put in a planning application to demolish the building as part of a regeneration project.

The East of England Co-op has announced plans to demolish an unused building in Ipswich which will pave the way for more regeneration.

From left, apprentices Bethany Brame, Lydia Lloyd-Potts and  Josephine Brady, Greene King chief executive Rooney Anand, Robert Halfon MP and Jo Churchill MP.

Skills minister Robert Halfon MP has praised the commitment of Bury St Edmunds-based pubs and brewing group Greene King to apprenticeships.

Greenpeace has published a list of the UK's top 100 recipients of European Union farming subsidies.

A number of East Anglian estates and farm businesses are among those receiving hundreds of thousands of pounds under the European Union’s Common Agri-cultural Policy (CAP), according to analysis by environmental group Greenpeace.

Alton Towers in Staffordshire, whose owner, Merlin Entertainments, says it has

Alton Towers owner Merlin Entertainments said today it had “learned every lesson” from last year’s Smiler rollercoaster crash as it revealed that visitor numbers are still being affected.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24