Picture: KEARA EDWARDS
Picture: KEARA EDWARDS

Health and beauty retailer Clicks posted an almost 15% rise in earnings on Thursday, driven largely by strong Christmas trade.

Business Day reported that the group was targeting earnings growth of between 12% and 17% for the financial year to end-August 2018, driven by competitive pricing, promotions and loyalty reward programmes.

The group said 2018 would be a record year of capital expenditure as it aimed to invest more than R700m in new stores, pharmacies, store refurbishments, supply chain infrastructure and information technology.

Clicks CEO David Kneale discussed the detail behind the numbers with Business Day TV.

Clicks CEO David Kneale discusses the detail behind the its half-year results with Business Day TV

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