More British shoppers returned to the high street in July, helped by the reopening of pubs and restaurants, but numbers were still much lower than normal for the time of year, an industry survey showed on Friday.
Sales at Maybelline maker L’Oréal fell more sharply than expected in the second quarter, though the French beauty giant managed to contain any major profit erosion as the COVID-19 pandemic forced stores to close.
Harvey Nichols is the third big name in just a couple of days to be mulling job cuts in the near future. The company is looking at removing roles from all of its stores, although it's trying to minimise the impact.
There’s speculation that fast-expanding beauty giant The Hut Group (THG) is mulling a stock market flotation. A report at the weekend said that it has been lining up meetings with some big-name investors.
The Hut Group, the beauty giant that’s big and getting bigger at speed, said on Monday that its THG Ingenuity operation has signed £100 million worth of partnerships with global beauty brands and brand owners.
Space NK's reopenings could take some time and key stores in central London are likely to remain shut for the foreseeable future. Instead, reopening high street stores near upmarket residential areas will be the focus.
A clear sign of the changing approaches retailers are taking post-pandemic was seen Thursday as John Lewis said it's linking with health and life insurer Vitality to launch free virtual workshops focused on wellbeing.
After a challenging April, where store closures led to a drop-off in the beauty retailer’s revenue, Sally Beauty has seen strong demand in its reopening retail fleet and expects to report an uptick in sales for May.