Walgreens Boots Alliance has branded its performance in the first quarter of fiscal 2022 as ‘strong’ after sales rose 7.6 percent in constant currency on the prior year period and operating income hit US$1.3 billion, a vast improvement on the US$535 million loss in the year-ago quarter.
The state of California is suing Walmart over claims that the US retailer has repeatedly failed to dispose of hazardous waste responsibly, according to a report published by Bloomberg.
As the COVID-19 pandemic categorically failed to be ‘all over by Christmas’ and rolled on and on into 2021, one thing became clear; those retailers who had hoped to ‘ride it out’ had some catching up to do….
Retailers faced some almost insurmountable challenges in 2021 – from renewed lockdowns shuttering bricks and mortar locations to the ongoing supply chain crisis and labor shortages, it’s a wonder any survived.
Activist Investor Engine Capital is pushing for the sale of Kohl’s Corp department store chain, or the separation of its e-commerce business, according to a report by the Wall Street Journal.
Ulta Beauty has announced a record set of results for the third quarter of fiscal 2021. The US beauty retailer delivered sales of US$2 billion compared to US$1.6 billion in the year-ago quarter, an increase of 28.6 percent.
Procter & Gamble and AS Watson Group have announced the launch of a co-created Japan skin care brand. Aio, as the new line has been dubbed, will be available in Watsons stores and online throughout the Greater China markets.
Olaplex has announced the expansion of its distribution with Ulta Beauty. Building on the hair care brand’s success in Ulta Beauty salons, Olaplex’s retail products will be stocked in store and on Ulta’s website from January, 2022.
Walmart EVP and CFO Brett Biggs is to step down from his positions, and will begin transitioning from the company in the upcoming year.
As America’s biggest shopping event of the year wraps up for another year, it appears that shoppers have been tempted back into bricks and mortar locations; store traffic was up 48 percent on 2020 levels, according to a report published by Bloomberg quoting Sensormatic Solutions.