THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
THG posts record full year sales

Online health and beauty retailer THG has posted record full year sales of £2.2 billion following significant growth across all of its divisions in the run-up… View Article

GENERAL MERCHANDISE

THG posts record full year sales

Online health and beauty retailer THG has posted record full year sales of £2.2 billion following significant growth across all of its divisions in the run-up to Christmas.

In its fourth quarter ending 31 December, revenue rose by 27.1% to £711.7 million which meant that full year revenue was up 35% year-on-year.

While sales in the THG Beauty category increased by 38.9% in the quarter with six orders per second placed during the peak cyber period, THG Nutrition’s revenue rose by 12.1% year-on-year.

Matthew Moulding, THG chief executive, said: “We are delighted to report significant growth across all divisions during the peak Q4 trading period and to have delivered record annual sales of £2.2 billion.

“2021 marked our first full year as a public company and I would like to express my gratitude to all THG colleagues for their dedication and hard work in helping us achieve such a strong performance for the year. Despite challenging conditions, we have scaled revenue and expanded our business model, particularly THG Ingenuity, well ahead of expectations given at our IPO 16 months ago.”

During the year, THG invested around £1 billion across infrastructure, technology and M&A as part of plans to develop the long-term growth prospects of its key trading divisions. The group said it is committed to its strategy of investing for growth across its global fulfilment network and technology platform.

Looking ahead to the outcome of the new financial year, THG is expecting revenue growth of between 22% and 25%.

Moulding said: “The new year has started well, and we remain confident in delivering our strategic growth plans during 2022 and beyond.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >