All Savers (AS Watson Group) articles
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Prospect AnalysisTechnology strategy at Savers
Savers, like its sister retailer Superdrug, is on a multichannel drive. Parent company AS Watson has ploughed more than £40m investment over the past five years or so, into its O+O (online plus offline) retail model.
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Prospect Analysis
Stores at Savers
Savers has been on an aggressive store opening strategy and the rate of expansion is being facilitated by the conversion of a significant number of Superdrug stores to Savers’ more discount-led format.
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Prospect Analysis
Savers (Strategy)
While it is still significantly smaller than sister retailer Superdrug, Savers is a key component in parent company AS Watson’s UK health and beauty operations alongside fragrance specialist The Perfume Shop.
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Prospect Analysis
Savers (SWOT)
Savers’ value-for-money approach has chimed with consumers in recent years and it is one of the UK’s most buoyant health and beauty retailers.
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Prospect Analysis
Savers (People)
Many senior roles encompass all UK fascias under the AS Watson Health and Beauty UK or AS Watson Europe divisions.
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Prospect Analysis
Savers (Overview)
Savers is part of AS Watson’s UK operations, alongside health and beauty retailer Superdrug and fragrance specialist The Perfume Shop. AS Watson is the retail arm of conglomerate CK Hutchison, which also operates the mobile network Three.
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Prospect Analysis
Savers (Financials)
Savers sales increased 5.8% to £567.2m in the year to 1 January 2022 (FY2021) as its performance continued to be impacted by the pandemic and a third national lockdown. Sales in the first quarter of the year fell 21.6% year on year before improving from the second quarter as lockdown restrictions were lifted. However, the spread of the Omicron variant spread in the run up to Christmas hit December sales.
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Prospect Analysis
Ecommerce at Savers
As a specialist, discount-led business, Savers faces a big challenge in developing a viable ecommerce model as it competes directly with the major grocers on most of its product lines.
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Prospect Analysis
Customer and marketing at Savers
Savers offers competitively priced brand name products across the health, home and beauty categories. Core categories comprise health, household, skincare, toiletries, perfume, hair products and make up.
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Prospect Analysis
Supply chain at Savers
A key priority at Savers is to make sure that its distribution infrastructure develops to support its planned multichannel growth. The distribution centre is located at the head office site in Dunstable, Bedfordshire and is “the size of several football pitches”.
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Prospect Analysis
Savers (Outlook)
Savers’ multichannel ambitions are being supported by ongoing investment by AS Watson to accelerate digital transformation across the whole group.
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Opinion
AS Watson COO: Putting people at the heart of Covid-19 strategy
We closed our first shops in Asia in January, when the threat of Covid-19 had not yet reached Europe.
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News
Coronavirus: Superdrug owner launches £40m staff support package
AS Watson, the owner of Superdrug, The Perfume Shop and Savers, has unveiled a £40m financial support scheme for employees affected by the coronavirus pandemic.
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News
Superdrug owner launches tech partnership programme
Superdrug’s parent company AS Watson has launched a long-term partnership programme for a range of technology suppliers to supercharge its digital transformation.
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News
The Perfume Shop profits slide as online drives sales
The Perfume Shop posted a decline in its full-year profits, which it attributed to increased competition from etailers and rising costs.
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News
Breakfast briefing: Lidl, Sainsbury's and more
Retail news round-up: Lidl to add 60 new shops in the UK; MPs ask Sainsbury's to retain Fairtrade label; and Superdrug owner to create 1,000 jobs in the UK.
