Monday 12 July 2021

Superdrug Takes Big Hit From Pandemic

Over the 12 months to 26 December 2020, revenues at the health and beauty retailer slid 14.8% to £1.11bn, with the group blaming the big drop in footfall on high streets around the UK.

NamNews Implications:

  • Key with recognition of the importance of online is the fact that many rivals reached this conclusion a year ago.
  • And know that online fulfilment cost reduces overall margin.
  • Retail recovery will involve breaking the grocery ‘single trip’ habit * i.e. shoppers combining their ‘chemist’ trip with grocery trip for convenience…

No comments: