IN BRIEF: THG sales up 3% in 2022; says cost inflation easing in 2023
17th Jan 2023 10:47
THG PLC - Manchester-based online beauty products retailer that trades as The Hut Group - Reports record sales of GBP2.25 billion in 2022, up 3.3% from GBP2.18 billion the year prior. THG Beauty remains largest revenue line at GBP1.19 billion, up 6.1%. THG Nutrition delivers GBP676.4 million, up 2.0%. THG Ingenuity, the retailing platform that THG offers to other retailers, contributes GBP208.1 million, up 7.1%. THG cites significant investment in price strategy through 2022 to support long-term customer retention, alongside new customer growth in established and emerging markets for the growth. Read More