L’Oréal’s U.S. subsidiary has announced that it is teaming up with the country’s largest civil rights organization to launch an initiative offering funding to Black-owned small businesses and Black entrepreneurs.
Stockmann has updated its guidance and written down the value of its Lindex chain following an ‘impairment test’ for the business, even though Lindex’s performance has been fairly strong in recent periods.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
The Hut Group (THG) has stepped up its ethical stance on the UK beauty recycling front. The e-commerce platform that retails a vast range of fast-moving consumer goods has introduced recycle:me by THG.
Already a blight on Britain’s retail landscape, the number of empty stores and other commercial properties increased at the fastest pace in decades late last year as the Covid-19 pandemic continued to take its toll.
Sales and profits fell at joules in the half to the end of November, but its pre-tax profit was still higher than it had expected. And it had plenty of good news to share in its results announcement on Thursday.
Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Health & beauty retail giant Walgreens Boots Alliance has named Rosalind (Roz) Brewer as its new CEO, effective March 15. She’ll join the board too as she succeeds CEO Stefano Pessina, who’s becoming executive chairman.