Taking over the front shops in Netcare hospitals helped Clicks grow its flagship brand to 600 stores at the end of February, the retail group said in its interim results statement on Friday morning. A net 89 Clicks stores were opened during the six months to end-February, of which 41 were front shops in Netcare hospitals. Its pharmacy network grew to 459, of which 59 were new pharmacies added during the reporting period. Clicks has budgeted R577m capital investment for its 2017 financial year. The Clicks group grew its overall interim income 11% to R13.5bn and aftertax profit 14.5% to R582.8m. A R2.32 per share interim dividend was declared, 15.8% higher than in the matching period. The group’s retail health and beauty division, which includes Clicks and its The Body Shop, GNC and Claire’s franchises, increased sales by 13.1%. Excluding new stores, sales were up 8.4%. Selling price inflation for the group was contained to 4.8%, Clicks said. The results statement made no mention of t...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.