THE WHAT? Target has reported its results for the second quarter of the current financial year. The US retailer saw comparable sales rise 8.9 percent on top of its record growth last year (+24.3 percent). THE DETAILS Growth was attributed entirely to increased traffic, Target said, with store comparable sales up 8.7 percent and digital…
THE WHAT? Procter & Gamble has announced the launch of a new multicultural hair care line aimed at Gen Z, according to a report published by Glossy. The US FMCG giant’s Nou brand will be sold via Walmart.com before being rolled out to stores in October. THE DETAILS The line comprises eight products designed to…
THE WHAT? Shinsegae has posted its largest Q2 operating profit on record, according to a report published by Pulse News. THE DETAILS The Korean retailer reported an operating profit of KRW96.2 billion for the three months to June 30, a sharp increase on the KRW48.5 billion loss it posted in the same period in 2020….
THE WHAT? Unilever Nigeria is having to buy dollars at almost 10 percent over the market rate due to foreign currency rationing at the West African country’s central bank, according to a report published by Bloomberg. THE DETAILS Unilever is said to have paid an average of 440 to 450 naira in the first six…
THE WHAT? Employees at Russian beauty brand, Natura Siberica are rebelling against the company’s new management following the death of the brand’s Founder, according to a report published by RT. THE DETAILS The disgruntled workers claim that the newly appointment President was fired from the company previously for incompetence. The employees, who have retained control…
THE WHAT? Walmart has raised its outlook for the second consecutive quarter after reporting a US net sales rise of 5.3 percent for the second quarter of the financial year and comp sales at 5.2 percent. THE DETAILS The company is now expecting comp sales of 5 to 6 percent and global e-commerce sales of…
