Kim Kardashian helps Superdrug profits soar with face powder promotion

The retailer's best-selling product last year was a banana face powder fronted by the reality TV star

Ravender Sembhy
Tuesday 04 July 2017 10:09
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Superdrug has delivered a strong rise in full-year profits after sales were helped by a face powder championed by Kim Kardashian.

Pre-tax profits at the retailer rose 41 per cent to £80.4m in the 53 weeks to 31 December 2016, with sales up 10.4 per cent to £1.2bn.

Like-for-like sales rose 7.8 per cent and customers “continued to be influenced by celebrities”, the firm said, with the best-selling product last year a banana face powder fronted by Kardashian.

Superdrug, whose parent firm AS Watson is owned by Hong Kong billionaire Li Ka-Shing, said cosmetics sales rocketed 14%, helping it achieve a market share of 30 per cent for the first time.

The group's online offering, Superdrug.com, also performed strongly with sales increasing by over 60 per cent.

Chief executive Peter Macnab said: “We have had a strong year and are pleased with the company's performance.

“Looking to the future our strategy remains to offer customers everyday accessible health and beauty, giving them the beauty and health services they need.”

The firm opened 23 new stores last year and the chain pumped £33m into store revamps.

Superdrug has 789 stores in UK and Ireland where it employs 13,500 people.

PA

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