The Fragrance Shop posts bumper trading figures
Perfume retailer The Fragrance Shop has reported a strong trading year with like-for-like sales up by 5%. Total sales increased by 11.9% as trade was boosted by a range of big-ticket scents and an ongoing expansion programme.
Operating 183 stores nationwide, the retailer’s online operation also grew with sales rising by 34%.
Meanwhile, EBITDA rose by 7.6% to £15.1 million and net profit increased by 16.3% to £10.2 million year-on-year.
Sanjay Vadera, chief executive of The Fragrance Shop, said: “We have achieved outstanding like for like sales growth for another year as a result of listening to our customers and giving them what they are asking for; an expanding range of accessibly-priced luxury fragrances, being first to market with exclusives, the best possible retail experience and an expanding store portfolio."
The Fragrance Shop is on track to open its 200th store this year as well as a concession store format in partnership with House of Fraser across 28 sites. It also plans to unveil its new ‘Scentaddict’ subscription service, currently in BETA testing, which will allow customers to try luxury scents monthly with no commitment.
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