Subscribe & Follow

Advertise your job vacancies

Jobs

Customer Service (UK Company) Work from Home Work From Home
Finance Manager Cape Town
Assistant Store Manager Cape Town
Retail Store Manager Pretoria
Customer Service Team Manager - UK Market Work From Home

Cosmetics spur Clicks growth

30 Apr 2008

Health and beauty sales bolstered drug and cosmetics company New Clicks, which showed robust growth in a tough trading environment for the six months ended in February.

The business model stood the company in good stead and executives provided confidence guidance for the rest of the financial year with diluted headline earnings a share expected to increase by 20% to 30% for the full year.

New Clicks has been through a three-year turnaround process strewn with management changes, improved systems and stringent inventory controls.

Strong growth in DVD and gaming sales in Musica drove an 8,5% increase in turnover, but local music sales were down 11% from a year ago and Musica had a “dreadful February”, said group chief executive of New Clicks David Kneale.

The drivers in Clicks were medicine and baby goods.

Looking ahead, trading will continue in line with the first half and is set to benefit from winter months, which is the peak trading period in healthcare.

Source: Sowetan

Published courtesy of