Business
Blackmores says COVID slashes store sales but vitamins giant’s profits still rise – NEWS.com.au
Blackmores says COVID slashes store sales but vitamins giant’s profits still rise
Vitamins giant Blackmores has flagged a second half sales slump as shoppers focus on the COVID-19 vaccine rollout instead of its products.The company booked a modest 4 per cent rise in statutory net profit to almost $19m for the six months to December 31 on Wednesday.
However, the health crisis had had a negative impact on traditional retail channels and shopper behaviour, chief executive Alastair Symington said.
Travel restrictions have meant fewer “daigou” shoppers – often international students…
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