Outdoor furniture retailer expands with third store

Outdoor furniture retailer Moda Furnishings has revealed that it will open a new store in Cheltenham.

The news follows Moda’s recent £7m funding package through Secure Trust Bank Commercial Finance, which will support the Manchester-based business’ continued expansion and ongoing cashflow.

The funding has been put to immediate use with the retailer set to open a new store just off Cheltenham High Street, which could launch during March.

The official opening date is yet to be confirmed, while the expansion is Moda’s third store, adding to its existing sites in Manchester and Caterham.

Moda also recently revealed a surge in online sales, with revenue up +155% from September-October, and in October alone, sales jumped by +281%.