Revolution Beauty Group said on Friday trading in its shares will be suspended from Sept. 1 as the beauty products maker does not expect to release its 2022 results by Aug. 31 after auditors flagged accounting issues.
Thailand’s Central Group and Austria-based Signa Holding have completed the acquisition of luxury retailer Selfridges Group from the Weston Family and it’s now being integrated into their wider operations.
It was news UK retailers didn’t want. Almost 2,000 workers at Felixstowe port have begun an eight-day strike in a fresh round of industrial action hitting the economy, raising fears of new supply chain disruption.
British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed Friday, but fashion sales fell and sales volumes look set to resume their decline.
Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steep discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%.
Irish consumer sentiment slipped marginally to hover at a 22-month low in August as respondents said they expected to further cut back on major purchases in the coming months, a survey showed on Thursday.
Americans are turning to beauty products to beat inflation blues in a trend called "the lipstick effect" that could keep beauty's post-pandemic rebound alive and help quarterly sales for Estée Lauder and Coty.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.