×
4 418
Fashion Jobs
SCHUH
Head of Central Merchandising
Permanent · BATHGATE
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Meadowhall
Permanent · Sheffield
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, George Street
Permanent · Edinburgh
HOMESENSE
20066- tk Maxx Homesense Greenwich / Thurrock Security Loss Prevention Advisor Full Time 37.5 Hrs
Permanent · London
COTY
Pan eu Senior Key Account Manager
Permanent · London
DR. MARTENS
Finance Accounting Manager, Korea
Permanent ·
VIVIENNE WESTWOOD
Accounts Payable Assistant
Permanent · LONDON
MULBERRY
Warehouse Administrator
Permanent · SHEPTON MALLET
FRASERS GROUP
PR Manager - Flannels
Permanent · LONDON
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · EPSOM
BOOHOOMAN
Menswear Buyer
Permanent · MANCHESTER
PRIMARK
Business Analyst - Checkout Management Epos
Permanent · READING
PRIMARK
Business Analyst - Checkout Management Mpe
Permanent · READING
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Stratford (Westfield)
Permanent · London
LEVI'S
Keyholder - 30 Hours Per Week
Permanent · Norwich
L'OREAL GROUP
Prada Beauty Deputy Business Manager, 1.0, Harrods London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 15 Hours
Permanent · London
ESTÉE LAUDER
Clinique - Account Manager - Boots - 30 Hours
Permanent · Berkshire
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 13 Hours
Permanent · High Wycombe
AESOP
Retail Consultant | Aesop Piccadilly Arcade, London | Full Time
Permanent · London
TK MAXX
Security And Loss Prevention Advisor
Permanent · Preston
TJX EUROPE
Brand & Marketing Administrator
Permanent · Grand Londres
Ads
Published
Jul 5, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Discount beauty retailer Savers outperforms Superdrug in 2017

Published
Jul 5, 2018

Savers, a discount health and beauty retailer owned by AS Watson, saw its revenues soar 10% in financial year 2017, outshining its sister retailer Superdrug.



The company has more than 411 stores across England, Scotland and Wales, and focuses on the low-end market with mega discounts offered throughout the year.

According to GlobalData, a consultancy, the chain is growing faster than Superdrug, which grew by 2.3% to £1.24 billion during the period. Its business remains significantly smaller, however, with revenues of just £460.3m.

But there is opportunity for growth as Savers also outperformed the health & beauty market last year (up 3.1%). This market is expected to grow by 16.5% over the next five years, an opportunity Savers will try to capitalise on as it continues to gain market share.

Additionally, profits have continued to grow at the health and beauty discounter. Despite ongoing investment in its store portfolio and greater costs from the supply, GlobalData said Savers increased its operating profits by £7.8m to £46.5m, while operating margin rose to 10.1% versus 9.3% last year.

The upward growth trajectory is likely to continue if the retailer upgrades its older stores and opens new sites to improve brand awareness and consumer accessibility, said Zoe Mills, retail analyst at GlobalData.

“The retailer can afford to revamp its existing store estate to further supplement its increasing popularity in the market. Its older stores in particular lack visual merchandising and investment could improve overall the shopping experience and brand perception,” said the retail analyst.

Savers stores sell products from well-known brands including L'Oréal, Nivea, Dove, Maybelline, Rimmel and Olay.

Copyright © 2023 FashionNetwork.com All rights reserved.