Holland & Barrett sets £1bn sales target

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Health food chain Holland &&num;038&semi; Barrett International is bidding to almost double sales to £1bn &lpar;€1&period;37bn&rpar; over the next five years&comma; after it posted a record seventh consecutive year of growth&period;<&sol;p>&NewLine;<p>The Nuneaton-based business said it plans to hit revenues of £1bn &lpar;€1&period;37bn&rpar; by 2020 by rapidly expanding its overseas business&comma; from its current base of 1&comma;071 shops across 11 territories including China&comma; Kuwait and the UK&period;<&sol;p>&NewLine;<p>It said sales grew 11&period;7&percnt; to £573&period;8m &lpar;€788&period;9m&rpar; in the year to the end of September&comma; while pre-tax profit lifted 12&period;2&percnt; to £146 million &lpar;€200&period;7m&rpar;&comma; on rising demand for its healthy food&comma; drink and natural beauty products&period;<&sol;p>&NewLine;<p>The group&comma; which runs 774 stores in the UK and Ireland&comma; said its UK like-for-like sales lifted 10&period;4&percnt; buoyed by an 8&percnt; increase in shoppers over the period&period;<&sol;p>&NewLine;<p>Chief executive Peter Aldis said&colon; &OpenCurlyDoubleQuote;This year’s performance&comma; especially our rapid growth overseas&comma; underlines the fact that rising consumer interest in healthier living and wellness is by no means a UK or even western phenomenon&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Demand has continued to increase for our long established propositions in vitamins&comma; minerals and supplements&comma; but our investments in further developing our product ranges in sport&comma; healthy beauty and healthy food have shown notable increases in sales and footfall across all of our stores in all markets&period;”<&sol;p>&NewLine;<p>During the year the group opened 56 stores around the world as well as its 100th franchise shop in the Chinese city of Taiyuan&period;<&sol;p>&NewLine;<p>It also said it is in advanced discussions with a partner in India to open its first Holland &&num;038&semi; Barrett there next year&period;<&sol;p>&NewLine;<p>Holland &&num;038&semi; Barrett International is part of the US health group NBTY&comma; which is owned by buyout firm Carlyle Private Equity&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed2c163e79d">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed2c163e79d'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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