Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.
Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing, CNBC reported on Wednesday.
THG’s trading statement on Tuesday sent its shares down by 10%+ as it warned on profits, although it may have felt it had done enough to support the share price with news of record sales and a strong balance sheet.
Lone Design Club has partnered with property giant Landsec to open a pop-up store within its Trinity Leeds shopping destination. The collab aims to “bridge the gap between sustainable living and wellness brands”.
Bed Bath & Beyond Inc is preparing to seek bankruptcy protection in coming weeks, people familiar with the matter said, following poor sales and an inability to compete with large online and big-box retailers.
Space NK saw its turnover rising in its latest year, reaching £119.1 million. That compared to £111.8 million in the previous period, which had included the sales from a subsidiary it sold for a profit of £83.1 million.
Currently in charge of the consumer division in France, Céline Brucker, has just been appointed general manager of L'Oréal France. She will be succeeding Hervé Navellou, who is becoming president of L'Oréal France.