The beauty and pharmacy giant celebrated as it saw a successful Black Friday period in the three months to 30 November. And given that the Black Friday season was late this year, it’s to be hoped that the impact continued into the current quarter too.
Unfortunately, the company isn’t planning to deliver a Christmas trading update and we won’t know any details about the period until its next set of quarterly figures due in a few months’ time.
But the retailer has said that “early indications suggest a solid Christmas trading period”.
As for that quarter to the end of November, Boots UK’s retail division saw sales up 8.1% and its webstore saw a 23% sales rise to account for 22% of total sales. The retailer also said its app now has 8.1 million active members.
Sales rose 20% during Black Friday week and on the day itself, it enjoyed its biggest-ever day of digital sales, with two bottles of fragrance sold every second.
Analysts were impressed and GlobalData’s Tash Van Boxel said:“Boots’ retail fascia has maintained momentum, up 8.1% on an impressive 9.8% growth in Q1 FY2023/24, benefiting from an increased consumer desire to shop for Black Friday in 2024.
“Indeed, Boots retained its position as the first port of call for health & beauty purchases during the Black Friday promotional period, with a quarter of health & beauty shoppers opting for Boots for their purchases for Black Friday this year, according to GlobalData’s 2024 Black Friday report.
“Though some consumers used the promotional period to buy Christmas gifts, demand for fragrance and beauty was also high – likely driven by an increase in consumers shopping for themselves during the occasion.
“Aside from its success during Black Friday, Boots’ beauty category outperformed throughout the period, with sales up 11% this quarter.”
She also said that “Boots’ online channel has excelled. [The] strong result was due to Boots’ enhancing its online platforms, with features such as ‘trending on social’ outlined as a shopping category to ensure consumers do not switch away to more dynamic retailers, such as Cult Beauty and Sephora.”
But even with the powerful performance, the company’s still-new MD Anthony Hemmerdinger has warned of “heightened cost pressures” this year following the Autumn Budget.
Yet he also said “the business is focused on navigating these and continuing to deliver long-term, sustainable growth”.
Zalando has announced Iamisigo, a Nigerian-founded brand, as winner of its Visionary Award 2025 “for its boundary-pushing exploration of artisanal craftsmanship and pioneering textile innovation”.
As well as the €50,000 prize, the label will present its collection on the runway at Copenhagen Fashion Week SS26 in August “with Zalando’s continued support through financial assistance for the show production, facilitating mentorship opportunities and tailored industry connections”.
The company said the award reflects its “commitment to supporting emerging designers who challenge conventions and inspire progress in the fashion industry”.
The brand blends heritage textiles with traditional craft techniques drawn from across Africa. It was founded by Bubu Ogisi and offers “contemporary designs with a bold, fresh perspective”.
At an exhibition at Copenhagen Fashion Week AW25 this week, the award finalists introduced their brands, presented their visions and ethos through a showcase of their hero pieces and a panel talk, hosted by Zalando.
We’re told the jury chose Iamisigo “for its dedication to blending ethical sourcing with a commitment to empowering local communities. The brand’s distinct voice, visionary and magical aesthetic challenge conventions, offering a new perspective on what it means to drive positive change in fashion; transcending gender norms, designing for spirits and energies”.
The jury also said that Bubu Ogisi “embodies the essence of a visionary in many ways, and that she is a rare creative talent working in this space today, with a brand whose output is both beautiful and miraculous”.
Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.
Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.
This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.
“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.
The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.
The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.
Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.
Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.
In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.
Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.
Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.
Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.