Superdrug profits get makeover as chain plans further expansion

 
Chris Papadopoullos
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Superdrug made a profit of £38.2m last year after recovering from losses made in 2012
HEALTH and beauty retailer Superdrug saw a jump in profit in 2014, the firm said yesterday.

The chain, which is a part of the AS Watson Group owned by CK Hutchinson, made an operating profit of £38.2m compared with £25.8m in 2013 and a loss of £6.4m in 2012.

Its health range saw sales growth of 12.2 per cent, while its beauty range sales grew 4.6 per cent, with a strong focus on own brand products.

“The high street remains a challenging environment for all retailers, however by understanding our customers and offering the best value and customer service we believe the business is in a strong position to grow,” said Superdrug managing director Peter Macnab.

“We recently announced our intention to open 100 new stores in the next three years and continue to plan for a successful future,” he added.

Superdrug operates over 800 stores in the UK.