Body Shop looking good as profits climb
Cosmetics specialist Body Shop put the rest of the retail sector in the shade today after surprising investors with buoyant sales and profits figures.
The company, which has restored fortunes with a rebranding based on a “Made with Passion” logo, was rewarded with a 14% rise in its share price as it posted strong sales for the last nine weeks.
It also pledged to expand into new regions and make further inroads on a recently announced project to open more stores and refurbish others.
It currently has more than 2,000 sites, including 300 in the UK and Ireland.
Body Shop said progress in the UK and Ireland had been “particularly significant” with the negative sales trend of the previous year improving to flat in the period covering the 12 months to February 26.
