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