Walgreens Pharmacy’s Close for Thanksgiving
Walgreens Boots Alliance has announced an unprecedented decision to close nearly all its stores and pharmacies on Thanksgiving Day.
Sephora Revises Fragrance Sales Strategy Amid Rising Thefts
Sephora has revamped its approach to selling fragrances in response to increased store thefts.
Bath & Body Works Reports Mixed Q3 2023 Results
Bath & Body Works, Inc. has released its financial results for the third quarter of 2023, revealing various achievements and challenges.
Annie Jackson Appointed CEO of Credo Beauty
Credo, a company known for its commitment to sustainable beauty, has appointed its co-founder and COO, Annie Jackson, as the new CEO.
Henkel Triumphs in Chinese Trademark Lawsuit
In a recent trademark infringement case, the Zhejiang High Court ruled against Fuzhou Yiqian Beauty and Hairdressing Co., Ltd. (“Yiqian”), Nanchang Magic Styling Co., Ltd. (“Magic”), and others in favour of Henkel Co., Ltd. (“Henkel”).
Reckitt Benckiser Chair to retire; successor announced
Reckitt Benckiser has announced that Chris Sinclair will retire as Chair and step down from the board, having completed full 9-year term next year following the AGM in May. Sir Jeremy Darroch has been named as his successor.
Target Q3: Sales drop 4.9 percent but profit beats expectations
Target has announced its results for the third quarter of fiscal 2023. The US retailer said that its revenue of US$25.4 billion (-4.2 percent) was consistent with expectations, while its profit beat analysts’ forecasts, with adjusted EPS up 36.3 percent to US$2.10.
Federal judge green lights hair relaxer suit; L’Oreal, Revlon named among defendants
A federal judge has given the nod to a series of claims that chemical hair relaxers made by Revlon and L’Oreal caused cancer and other injuries. The multidistrict litigation totals some 8,000 lawsuits.
Revlon plans 300 more stores for India
Revlon is hoping to double its Indian business before the end of the current financial year. Together with its local partner, Modi-Mundipharma Beauty Products, the company is set to open a further 300 stores.
Walgreens shutters warehouses as stores double up as fulfilment centers
Walgreens Boots Alliance is hoping to speed up online deliveries despite the recent closure of an e-commerce distribution warehouse in Illinois. How? The drug store giant’s 8,700-strong store network will double as fulfilment centers.
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