Lush reports 9.1% rise in like-for-like sales


February 23, 2015 | By RetailME Bureau

UK-based ethical beauty retailer Lush has reported 9.1% rise in like-for-like sales last year. Its sales and pre-tax profits both increased 8%, after generating turnover of $698 million with a pre-tax profit of $36 million for the year ending June 30. The profit figure was calculated after giving $6 million to charities, with donations given out by Lush going up 31% compared to last year.

Lush witnessed sales growth after expanding into emerging markets opening new stores in Hong Kong, the Middle East and Brazil. It also continued its aggressive expansion in the US, where it opened 25 shops, taking its portfolio in the country to 153 shops. The retailer’s online revenues were also boosted by a Christmas sales surge, which saw like-for-likes spike 49% in the final quarter.

In 2014 Lush focused on seeking sites in prime locations with higher turnover potential, making strategic relocations and closing loss-making shops. It opened 66 new stores and closed 62 loss-making sites last year, with the current portfolio including 105 stores in the UK and 898 stores in 49 countries around the world.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau
Food consumption in the GCC to grow at a steady pace

Food consumption in the GCC is set to grow at a CAGR 

Continue Reading

November 29, 2023 | By RetailME Bureau
Carrefour urges customers to ‘Choose Better’

Carrefour, operated by Majid Al Futtaim in the UAE, has set up 

Continue Reading

November 28, 2023 | By RetailME Bureau
GMG opens Monoprix outlet in Abu Dhabi

GMG’s Everyday Goods – Retail division is now expanding into the country’s 

Continue Reading

November 27, 2023 | By RetailME Bureau
Spinneys to open second store in Riyadh’s KAFD in partnership with Al-Hokair Group

Following a partnership deal between food and grocery retailer Spinneys Dubai and 

Continue Reading

November 22, 2023 | By RetailME Bureau
From a small home kitchen to becoming B Corp certified: The Hello Chef journey

Ask any entrepreneur worth their salt and they will tell you the 

Continue Reading

November 20, 2023 | By Rupkatha B
Agthia Group

A regional food and beverage (F&B) major Agthia Group PJSC has signed 

Continue Reading

November 2, 2023 | By RetailME Bureau
Double-digit e-commerce growth for UAE & KSA food industry amid inflationary pressures: NielsenIQ

Amid constraints of current inflationary pressures leading to significant price hikes averaging 

Continue Reading

October 25, 2023 | By RetailME Bureau
InFlavour to showcase diversity of KSA’s F&B sector

Global heavyweights from around the world are confirming their participation at InFlavour, 

Continue Reading

September 6, 2023 | By RetailME Bureau




Download Images RetailME Magazine