THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Omnichannel Futures 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
The Fragrance Shop sees sales and profits bounce back

The Fragrance Shop has reported increased annual sales and profits after bouncing back from the pandemic. Its total turnover rose by 42.5% to £156.83 million year-on-year… View Article

HEALTH AND BEAUTY NEWS

The Fragrance Shop sees sales and profits bounce back

The Fragrance Shop has reported increased annual sales and profits after bouncing back from the pandemic.

Its total turnover rose by 42.5% to £156.83 million year-on-year in the 53 weeks to 2 April 2022. Meanwhile, profits measured by EBITDA before exceptional items rose by 68% to £27.53 million.

The Fragrance Shop continued to invest in its store portfolio, digital platform and customer shopping experience in the period. In addition, it has recently agreed a lease on a new HQ and fulfilment centre in Trafford Park in Manchester which will underpin further expansion.

The company said it expects its trading environment to remain competitive in light of the economic outlook, inflation and ongoing pressures on supply chains, but will still be continuing to roll out stores and expand its digital footprint.

The Fragrance Shop chief executive Sanjay Vadera (pictured) said: “Despite the seismic events of the past few years and current macro-economic trends, we are a business that’s in confident mood, delivering to both the top and bottom line as we spray a little happiness to our customers both in store and online.”

Subscribe For Retail News