LONDON — The overall slowdown in U.K. retail sales is taking its toll on Boots.
Boots Group plc said Boots the Chemists' sales for the second quarter ended Sept. 30 will rise 0.8 percent year-on-year. For the first half, sales are expected to be up 1.1 percent, the company said in a statement Thursday.
"Trading conditions have been difficult throughout the first half, with consumer spending softening further over the last quarter, and we see no sign that the market will get any easier for the rest of the year," Richard Baker, chief executive of Boots Group, said in a statement.
Boots routinely publishes percentage estimates due to the timing of its fiscal calendar.
Beauty and toiletries, which grew 3.2 percent in the quarter and 3.3 percent in the half, were a bright spot, however. "The encouraging performance of our health and beauty businesses in a tough retail climate reflects our renewed focus and investment in these growing markets," said Baker in the statement.
Boots the Chemists invested in new beauty departments, self-selection merchandising units and the relaunches of its No. 7 and 17 brands, the statement said, adding sun care "continued to perform well." Baker said that the sale of Boots Healthcare International is "on track."
BHI's sales growth in the second quarter is estimated at 9 percent. In the half, a sales uptick of 7.6 percent is forecast. Boots said its Boots Retail International divisions sales grew 12 percent in the half and that it has inked a deal with M.H. Alshaya Co. to open eight Boots stores in the Middle East "with a view to further expansion."
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast