Latest news with #TashVanBoxel
Fashion Network
17 hours ago
- Business
- Fashion Network
Boots shines as WBA releases Q3 results
Walgreens Boots Alliance (WBA) has released its Q3 results and reported a net loss of $175 million compared to net earnings of $344 million this time last year but with adjusted net earnings of $334 million, down from $545 million. The company saw a higher adjusted effective tax rate and lower US retail sales, among other causes. But third-quarter sales increased 7.2% year-on-year to $39 billion. WBA, which is to be acquired by entities affiliated with Sycamore Partners, owns the UK's dominant health & beauty retailer Boots and that appears to be progressing strongly. The firm's International segment had third-quarter sales of $6.2 billion, an increase of 7.8%, including a favourable currency impact of 1.9%. Sales increased 5.9% on a constant currency basis, with the German wholesale business growing 6.8% and Boots UK sales growing 5%. Boots UK comparable retail sales increased 6% on a constant currency basis and sales through its webstore rose 18.7% or 14.8% on a constant currency basis, representing 17% of Boots total retail sales. International adjusted operating income increased 22% to $214 million, an increase of 20.2% on a constant currency basis compared with the year-ago quarter, reflecting the strong retail performance at Boots. Tash Van Boxel, Retail Analyst at GlobalData, said that Boots' focus on refreshing its offer and use of initiatives to extend its market reach resulted in a 'robust' set of results. As far as the online success is concerned she said that the recent launch of the AI SmartSkin Checker, which helps identify and advise on over 70 skin conditions, is available through Boots' Online Doctor and has helped bolster e-traffic. 'Consumers opt for this fast and free skin diagnosis and are more likely to purchase recommended products directly via the app afterwards,' she explained. And she added: 'The health & beauty market leader's focus this quarter has been on 'wellness', with its Beauty Box launching in May in partnership with Women's Health. Boots has expanded its wellness ranges, with 18 third-party brands launching in the lead up to Global Wellness Day, including TikTok favourites, Humantra and Selfish. Almost three-quarters of consumers (71.5%) say they are more concerned with their health and wellbeing this year compared with last, according to GlobalData's June 2025 monthly survey. With Boots' new brand launches, Boots is successfully responding to consumers' changing health & beauty shopping behaviour.'
Fashion Network
17 hours ago
- Business
- Fashion Network
Boots shines as WBA releases Q3 results
Walgreens Boots Alliance (WBA) has released its Q3 results and reported a net loss of $175 million compared to net earnings of $344 million this time last year but with adjusted net earnings of $334 million, down from $545 million. The company saw a higher adjusted effective tax rate and lower US retail sales, among other causes. But third-quarter sales increased 7.2% year-on-year to $39 billion. WBA, which is to be acquired by entities affiliated with Sycamore Partners, owns the UK's dominant health & beauty retailer Boots and that appears to be progressing strongly. The firm's International segment had third-quarter sales of $6.2 billion, an increase of 7.8%, including a favourable currency impact of 1.9%. Sales increased 5.9% on a constant currency basis, with the German wholesale business growing 6.8% and Boots UK sales growing 5%. Boots UK comparable retail sales increased 6% on a constant currency basis and sales through its webstore rose 18.7% or 14.8% on a constant currency basis, representing 17% of Boots total retail sales. International adjusted operating income increased 22% to $214 million, an increase of 20.2% on a constant currency basis compared with the year-ago quarter, reflecting the strong retail performance at Boots. Tash Van Boxel, Retail Analyst at GlobalData, said that Boots' focus on refreshing its offer and use of initiatives to extend its market reach resulted in a 'robust' set of results. As far as the online success is concerned she said that the recent launch of the AI SmartSkin Checker, which helps identify and advise on over 70 skin conditions, is available through Boots' Online Doctor and has helped bolster e-traffic. 'Consumers opt for this fast and free skin diagnosis and are more likely to purchase recommended products directly via the app afterwards,' she explained. And she added: 'The health & beauty market leader's focus this quarter has been on 'wellness', with its Beauty Box launching in May in partnership with Women's Health. Boots has expanded its wellness ranges, with 18 third-party brands launching in the lead up to Global Wellness Day, including TikTok favourites, Humantra and Selfish. Almost three-quarters of consumers (71.5%) say they are more concerned with their health and wellbeing this year compared with last, according to GlobalData's June 2025 monthly survey. With Boots' new brand launches, Boots is successfully responding to consumers' changing health & beauty shopping behaviour.'
Fashion Network
a day ago
- Business
- Fashion Network
Boots scores low for value among UK beauty shoppers says GlobalData
The research and analysis company's latest UK consumer survey for June 2025 reveals that 88% of consumers who shopped at the Savers chain ranked the discounter between seven and 10 in value for money, and 86% said that for Home Bargains. Only 73% of shoppers visiting Boots said the same, highlighting its weaker value for money credentials. In fact, Boots came out bottom of the list in a range of 20 retailers for value. Those other retailers included Amazon, plus the major UK supermarkets and value chains like Aldi and Lidl, M&S, and Superdrug (another specialist but scoring 80%). Even luxury brand Charlotte Tilbury scored more than Boots, although it was still low down with a value rating of 74%. Tash Van Boxel, retail analyst at GlobalData, said: 'The lower price points on essentials elevate consumers' perceptions of value retailers, as consumers see less worth in splashing out on [essential] categories. Consumers are stocking up on necessities at discounters as they are less concerned about having a wide range of products to choose from and instead prioritise low prices.' Boots is the UK market leader in the sector, with a 20% share of the UK health & beauty market in 2024 via its roughly 1,800 stores and its webstore. So if its value perception lags that of its peers, how is it maintaining its market dominance? Van Boxel added that 'other factors are driving sales. Broad product ranges and convenience will be Boots' saving grace. However, the health & beauty specialist should focus on improving its value for money perceptions, given that inflation is anticipated to peak soon and consumers will remain price-sensitive into the next year. For Boots, highlighting its members' pricing and permanent 10% discount on its brand labels available through its loyalty scheme will be key in improving shopper's perceptions.' She also said that Gen-Z consumers 'buck the trend when it comes to assessing value for money, with half of this generation perceiving high-quality ingredients as the most significant indicator of value. As consumers educate themselves about the efficacy of ingredients, brands and retailers must be more transparent about products' ingredient composition'. And overall she feels health & beauty specialists must target these younger shoppers 'who prioritise high-quality ingredients over price. Younger consumers are willing to invest in health & beauty items that contain high concentrations of ingredients they desire, such as niacinamide and retinol. This focus will allow the specialists to retain their pricing architectures and compete with discounters based on product ranges rather than price points'.
Fashion Network
a day ago
- Business
- Fashion Network
Boots scores low for value among UK beauty shoppers says GlobalData
UK shoppers seeking value for money are opting to buy their health & beauty products from discounters rather than a specialist retailer like Boots, a new study from GlobalData claims. It said that the chain is 'struggling to compete with low-priced discounters, as consumers are not recognising the additional value for money that comes from better ranges, product quality, and service'. It seems that with personal finances still recovering from the impact of inflationary pressure, consumers still prefer to shop at discounters for essentials. The research and analysis company's latest UK consumer survey for June 2025 reveals that 88% of consumers who shopped at the Savers chain ranked the discounter between seven and 10 in value for money, and 86% said that for Home Bargains. Only 73% of shoppers visiting Boots said the same, highlighting its weaker value for money credentials. In fact, Boots came out bottom of the list in a range of 20 retailers for value. Those other retailers included Amazon, plus the major UK supermarkets and value chains like Aldi and Lidl, M&S, and Superdrug (another specialist but scoring 80%). Even luxury brand Charlotte Tilbury scored more than Boots, although it was still low down with a value rating of 74%. Tash Van Boxel, retail analyst at GlobalData, said: 'The lower price points on essentials elevate consumers' perceptions of value retailers, as consumers see less worth in splashing out on [essential] categories. Consumers are stocking up on necessities at discounters as they are less concerned about having a wide range of products to choose from and instead prioritise low prices.' Boots is the UK market leader in the sector, with a 20% share of the UK health & beauty market in 2024 via its roughly 1,800 stores and its webstore. So if its value perception lags that of its peers, how is it maintaining its market dominance? Van Boxel added that 'other factors are driving sales. Broad product ranges and convenience will be Boots' saving grace. However, the health & beauty specialist should focus on improving its value for money perceptions, given that inflation is anticipated to peak soon and consumers will remain price-sensitive into the next year. For Boots, highlighting its members' pricing and permanent 10% discount on its brand labels available through its loyalty scheme will be key in improving shopper's perceptions.' She also said that Gen-Z consumers 'buck the trend when it comes to assessing value for money, with half of this generation perceiving high-quality ingredients as the most significant indicator of value. As consumers educate themselves about the efficacy of ingredients, brands and retailers must be more transparent about products' ingredient composition'. And overall she feels health & beauty specialists must target these younger shoppers 'who prioritise high-quality ingredients over price. Younger consumers are willing to invest in health & beauty items that contain high concentrations of ingredients they desire, such as niacinamide and retinol. This focus will allow the specialists to retain their pricing architectures and compete with discounters based on product ranges rather than price points'.
Fashion Network
a day ago
- Business
- Fashion Network
Boots scores low for value among UK beauty shoppers says GlobalData
UK shoppers seeking value for money are opting to buy their health & beauty products from discounters rather than a specialist retailer like Boots, a new study from GlobalData claims. It said that the chain is 'struggling to compete with low-priced discounters, as consumers are not recognising the additional value for money that comes from better ranges, product quality, and service'. It seems that with personal finances still recovering from the impact of inflationary pressure, consumers still prefer to shop at discounters for essentials. The research and analysis company's latest UK consumer survey for June 2025 reveals that 88% of consumers who shopped at the Savers chain ranked the discounter between seven and 10 in value for money, and 86% said that for Home Bargains. Only 73% of shoppers visiting Boots said the same, highlighting its weaker value for money credentials. In fact, Boots came out bottom of the list in a range of 20 retailers for value. Those other retailers included Amazon, plus the major UK supermarkets and value chains like Aldi and Lidl, M&S, and Superdrug (another specialist but scoring 80%). Even luxury brand Charlotte Tilbury scored more than Boots, although it was still low down with a value rating of 74%. Tash Van Boxel, retail analyst at GlobalData, said: 'The lower price points on essentials elevate consumers' perceptions of value retailers, as consumers see less worth in splashing out on [essential] categories. Consumers are stocking up on necessities at discounters as they are less concerned about having a wide range of products to choose from and instead prioritise low prices.' Boots is the UK market leader in the sector, with a 20% share of the UK health & beauty market in 2024 via its roughly 1,800 stores and its webstore. So if its value perception lags that of its peers, how is it maintaining its market dominance? Van Boxel added that 'other factors are driving sales. Broad product ranges and convenience will be Boots' saving grace. However, the health & beauty specialist should focus on improving its value for money perceptions, given that inflation is anticipated to peak soon and consumers will remain price-sensitive into the next year. For Boots, highlighting its members' pricing and permanent 10% discount on its brand labels available through its loyalty scheme will be key in improving shopper's perceptions.' She also said that Gen-Z consumers 'buck the trend when it comes to assessing value for money, with half of this generation perceiving high-quality ingredients as the most significant indicator of value. As consumers educate themselves about the efficacy of ingredients, brands and retailers must be more transparent about products' ingredient composition'. And overall she feels health & beauty specialists must target these younger shoppers 'who prioritise high-quality ingredients over price. Younger consumers are willing to invest in health & beauty items that contain high concentrations of ingredients they desire, such as niacinamide and retinol. This focus will allow the specialists to retain their pricing architectures and compete with discounters based on product ranges rather than price points'.
