Rain

Rain

max temp: 3°C

min temp: 3°C

Search

East Anglia: QD Stores acquires discount retail chain Thingmebobs

PUBLISHED: 15:59 08 January 2013 | UPDATED: 16:03 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.

A Shotley father with five drink-driving convictions has been jailed for 36 weeks after taking his mother’s car without consent and crashing it into a hedge.

Bosses at the Eastern Enterprise Hub and University of Suffolk hope gaming and technology students will be inspired to pursue their games ideas, after it emerged the gaming industry is one of the fastest growing locally.

Snow could fall in parts of Suffolk this morning as temperatures dropped overnight.

Trains between London and Norwich are being cancelled this morning as a result of engineering work not having been completed on time.

Police are searching for a 52-year-old man from Leavenheath who has been reported missing.

Police have arrested a 66-year-old man in connection with an incident that caused armed officers to swoop on Ipswich town centre tonight.

Highways bosses have announced they will be carrying out a series of improvements to the road network across Suffolk and north Essex this week.

Kebab fans will be excited to hear a new fast food outlet that prides itself on making top quality versions of the takeaway staple is opening in Ipswich soon.

Drivers in Woodbridge have faced long delays this afternoon after a major route through the town became flooded.

Firefighters were sent to tackle a blaze that broke out in a flat in Ipswich this afternoon.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24