Retail in Asia

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Lush loses lustre as profits are hit

Beauty retailer Lush posted a dip in full-year pre-tax profits as its Japanese operations dragged down the group.

Earnings dropped GBP1 million (USD1.6m) to GBP21.3m in the year to 30 June 2011.However, group turnover jumped 10 percent to GBP272m. The upward trend has continued, with group revenue up 15.6 percent in the first eight months of the current financial year.

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(Source: Retail Week)