All Savers (AS Watson Group) articles
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NewsAS Watson appoints Malina Ngai as new group CEO
AS Watson Group, which owns Superdrug, Savers and The Perfume Shop in the UK, has appointed Malina Ngai as the new group chief executive, starting May 1.
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NewsSuperdrug to employ 500 people with new apprenticeship scheme
Superdrug has announced plans to employ 500 apprentices as part of its ‘Rise Up to Level Up’ campaign aimed to increase apprenticeship employment across the UK.
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DataRanking: The fastest-growing value retailers revealed
In the cost-of-living crisis, affordable retailers have never been more relevant to price-conscious consumers, but which have been making the most of the mood of the nation? And which are set to turn market share into future growth? To find out, the Retail Week analyst team has tracked group sales across 15 of the biggest value retailers and analysed their compound annual growth rate (CAGR) to predict how much bigger they’ll be in five years’ time
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NewsSuperdrug and Savers become latest retailers to offer flexible pay
Superdrug and Savers have announced new benefits to help employees manage the cost-of-living crisis, including offering early pay and partnering with financial wellbeing and digital healthcare apps.
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Retail Navigator AnalysisSavers (SWOT)
Savers’ value-for-money approach has chimed with consumers in recent years and it is one of the UK’s most buoyant health and beauty retailers.
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Retail Navigator AnalysisSavers (Strategy)
While it is still significantly smaller than sister retailer Superdrug, Savers is a key component in parent company AS Watson’s UK health and beauty operations alongside fragrance specialist The Perfume Shop. The rapidly growing Savers has been by far the most buoyant of the three brands.
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Retail Navigator AnalysisSavers (Overview)
Savers is part of AS Watson’s UK operations, alongside health and beauty retailer Superdrug and fragrance specialist The Perfume Shop. AS Watson is the retail arm of conglomerate CK Hutchison, which also operates the mobile network Three. For more information on the group, see the AS Watson profile.
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Retail Navigator AnalysisSavers (Financials)
Savers sales grew 12.2% to £754.8m in the year to 30 December 2023 (FY2023) as its low-price proposition chimed with value-seeking shoppers amid the cost-of-living crisis. Savers’ strong sales performance drove profitability in FY2023, with pre-tax profit surging 30.3% to £61.3m with a pre-tax profit margin of 8.1%. Operating profit increased to £65.2m in FY2023, from £50.8m the previous year, with an operating profit margin of 8.6%.
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OpinionAS Watson COO: Putting people at the heart of Covid-19 strategy
We closed our first shops in Asia in January, when the threat of Covid-19 had not yet reached Europe.
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NewsCoronavirus: Superdrug owner launches £40m staff support package
AS Watson, the owner of Superdrug, The Perfume Shop and Savers, has unveiled a £40m financial support scheme for employees affected by the coronavirus pandemic.
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NewsSuperdrug owner launches tech partnership programme
Superdrug’s parent company AS Watson has launched a long-term partnership programme for a range of technology suppliers to supercharge its digital transformation.
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NewsThe Perfume Shop profits slide as online drives sales
The Perfume Shop posted a decline in its full-year profits, which it attributed to increased competition from etailers and rising costs.
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NewsBreakfast briefing: Lidl, Sainsbury's and more
Retail news round-up: Lidl to add 60 new shops in the UK; MPs ask Sainsbury's to retain Fairtrade label; and Superdrug owner to create 1,000 jobs in the UK.
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NewsToday in retail: Musical chairs in retail boardrooms
It’s been a busy day for the nation’s retail boardrooms today with news from Kingfisher and WHSmith hitting the headlines.
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NewsSuperdrug stablemate Savers posts spike in profits
Superdrug stablemate Savers has posted a jump in profits and sales, buoyed by new store openings and strong like-for-like growth.
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DataData: The top 30 retailers by store openings
Poundland tops the ranking owing to its acquisition of 99p Stores, while a large number of c-store operators make the top 30.
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NewsBreakfast briefing: Retail news on BHS, Asda, Aldi and more
Retail round-up on June 29, 2016: Sir Philip Green in talks on BHS pension deficit, Asda and Tesco sales dip and My Local shuts 90 stores
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AnalysisAnalysis: The top 10 fastest-growing retailers in the UK in 2016
Our list of the fastest-growing retailers in the UK highlights businesses that are not only increasing the scale of their operations, but are also doing so profitably.
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NewsData: The top 30 retailers by store openings in 2015
A ranking of retailers by store openings reveals that the symbol groups dominate, while the popularity of c-stores shows no sign of abating.