Information Technology
The Beauty Boom Figures from Space NK reveal continuing 3-year growth trend
Performance has been fuelled by Space NK's growth in customers, with its active base experiencing double-digit growth across all age categories, from Gen Z through to millennials and Gen Alpha. The fastest-growing category being the under-25s, at 164 per cent.
Andy Lightfoot , CEO, explained "We are delighted to report another record-breaking half of sales ( April 24 - Sept 24 ) up 38% on last year, continuing our run of greater than 30% growth every year since 2020. Since then, the business has more than doubled its revenue and with our customer first mindset and expertly curated brands, we are delighted with our consistent and continuous growth".
Plans to increase Space NK's store portfolio by a further 10 additions to the existing estate are in flight – Meadowhall ( Sheffield ) opened November 17th 2024, a new store in Milton Keynes will open this weekend (23 November) with further openings in Bluewater and other locations scheduled for 2025.
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