The UK high street has received a positive shot of adrenaline as health food retailer, Holland & Barrett, has managed to surpass its £100m profits, showing the brand’s continued growth.
Across the 694 UK stores and 99 international franchises, sales increased by 155 to £424.7m in the year to September 2015. While pre-tax profits saw an even greater growth, rising to £129.5m.
Online sales for the retailer, which are part of an intermediate holding company, increased to £30.5m. Overseas interests helped contribute an extra £120m in revenue.
Peter Aldis, Chief Executive, commented: “Both the activity in the year and the year-end financial position of the company are extremely strong.”
Holland & Barrett is building a 45,000 sq ft extension of its Nuneaton based headquarters, providing a big enough extension to double its 300 staff.
The financial year for the retail arm of the group ended with £17.1m in cash and net assets of £326.6m.