Boots reveals strong sales
Published 03/11/2010 | 09:50
High street giant Alliance Boots today said strong sales of make-up and anti-wrinkle creams helped it increase market share in its core health and beauty arm.
Boots reported a 2pc rise in revenues in health and beauty in the six months to September 30 to £3.4bn (€3.9bn), boosted by its self-selection cosmetics and No7 Protect & Perfect ranges.
The Nottingham-based firm, which has around 3,250 stores in ten countries, said its tie-ups with supermarket Waitrose and childrenswear store Mothercare also meant overall revenues improved by 6pc to £8.9bn (€10.2bn).
Chief executive Andy Hornby said strong cash flow and lower interest rates had helped it reduce its net borrowings.
He said: "We are pleased with the way the group has performed given the challenging trading conditions across Europe. Boots has delivered a good performance in a difficult UK consumer environment and we have increased market share in our core health and beauty categories."