India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever.
Online resale platform Poshmark Inc reported on Thursday a 13% uptick in revenues for the first quarter ending March 31, on the back on double-digit active buyer growth and increased gross merchandise value.
On Thursday, Japanese cosmetics group Shiseido confirmed its prudent forecast for the 2022 financial year, stating it is “hard to quantify precisely” the impact of the pandemic and of geopolitical tensions.
Cautious optimism sums up JD Sports Fashion’s outlook as the UK-based sports, fashion and outdoor retail giant raised its profit guidance for 2022 on Thursday. And sales for the new year's Q1 are also ahead.
Failed businesses can yield rewards. Hedge funds that ran Debenhams look to have recovered most of their costs while the retailer’s administrators have clocked up £5.3 million in fees in the two years since bankruptcy.
Superdry CEO Julian Dunkerton talked of making progress when he delivered a full-year/Q4 update on Thursday. And while it clearly has some way to go before it's back to full health, it appears to be on the right track.