Retail in Asia

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The Body Shop records “solid” growth

The Body Shop enjoyed a 4.2 percent increase in like-for-like sales growth in 2011 following a "militant" approach to innovation.

The cosmetics and beauty retailer – owned by L’oreal – said the like-for-like performance for the year to 31 December was "solid" while total retail sales rose 3.8 percent to EUR767.6 million (USD1 billion).

Parent company L’Oreal said there was a "sharp acceleration" in the fourth quarter with likes-for-likes up 7.6 percent.

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(Source: Retail Week)