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American Golf aims to grow revenue by 40%

RETAILER American Golf intends to open 30 stores and create 250 jobs over the next three years as it seeks to grow revenue by 40%.

The golf equipment and clothing specialist said its best-performing stores were at Braidhills in Edinburgh and Clydebank, and those helped it post a 3% rise in sales to £133 million.

Earnings before interest, tax, depreciation and amortisation are likely to come in at £7m to £7.5m, down from £8.5m, which the company attributed to investment in its infrastructure.

It recently opened its 100th shop and is targeting a rise in sales of more than £50m through its expanding retail estate and a growing online arm.

The e-commerce division is introducing iPad functionality to allow customers to order and arrange delivery using the tablet device.

American Golf, which has 11 of its stores in Scotland, also plans to introduce more dedicated in-store sections for ladies equipment and clothing.

The Warrington, Cheshire, firm said its card membership scheme increased by more than 160,000 to in excess of one million in the 12 months to January 31, 2013.

New store openings are initially targeted at England and Wales but a spokesman confirmed the business intends to open further outlets in Scotland.

At the moment it is refurbishing much of its Scottish estate, with the East Kilbride site the next to get a makeover.

Chief financial officer Stuart Owens said: "We occupy a position of real strength in the sector as Europe's leading specialist multi-channel golf retailer in a global and growing sport.

"Combined with a solid financial platform and an unrivalled proposition, we see enormous potential to continue growing the business and consolidate our position as the dominant European leader in golf retail."

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