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.
Beauty was big at Christmas, as results from Boots, The Fragrance Store and The Perfume Shop testify. Now we can add Lush to the list as the high street retailer reported its highest-ever trading month in December.
Hot on the heels of eBay renewing it’s Love island link-up, health & beauty retailer Boots has also signed up again as a key partner for the upcoming UK winter Love Island series that airs on ITV from 16 January.
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.
There may be a cost-of-living crisis raging as the backdrop to most consumer shopping decisions at present, but UK consumers are still happy to pay for quality, with 79% prepared to do so over anything else.