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July 1, 2022

Boots UK posts 13.5% growth in sales for Q3 2022

The company’s online beauty sales grew 125% in the last two years.

British health and beauty retailer Boots has reported that its sales in the third quarter (Q3) of fiscal 2022 grew 13.5%.

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Driven by the recovery of footfall and strong commercial execution, the company’s comparable retail sales increased 24%.

Footfall across Boots stores increased around 45%, led by strong performance in flagship and travel locations.

Sales of Boots.com was more than double compared to pre-Covid levels.

The company’s online beauty sales increased 125% in the last two years, representing approximately 50% of sales on boots.com.

Through partnership with online food delivery firm Deliveroo, Boots is delivering more than 700 products from 14 pilot stores.

Boots Online Doctor, a digital healthcare service launched last year, recorded nearly 500,000 customer orders.

The company also offers next day click-and-collect service from over 1,600 stores.

During the quarter, the company opened new stores in Bicester and Belfast International Airport and reinvented stores including its flagship store on Kensington High Street.

The company ended Q3 with more than 2,247 stores, with 53,000 employees.

Boots UK & ROI managing director Sebastian James said: “The execution of our transformation programme and a sharp focus on expanding our key categories of healthcare and beauty, has driven strong sales and market share growth and further strengthened our position as the UK’s leading health and beauty retailer. Significant investment in both our digital platforms and in our stores is expected to drive continued market leading growth.

“As store footfall returns to pre-pandemic levels and with cost-of-living pressures increasing, the launch of our Price Advantage scheme, the expansion of our own label product range and our commitment to freeze prices on 1,500 essential products have been particularly well received by customers.”

Recently, Walgreens Boots Alliance (WBA) dropped plans to divest Boots in response to ‘unexpected and dramatic’ change in global financial markets.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.