H&M saw a bigger H1 loss than expected as the coronavirus crisis crushed profitability. And while sales are recovering, they’re still down during June and markdowns will be ongoing in Q3, even though e-sales remain high.
Multi-brand fast moving consumer goods and groceries retailer BigBasket reported crossing an annualised gross sale run-rate of $1 billion (Rs 6,652.75 crore) for first time in May after business boomed during lockdown.
Purchases of cosmetics have picked up strongly again, particularly in China, as some countries exit coronavirus shutdowns that forced hair salons and retailers to close, L'Oreal Chief Executive Jean-Paul Agon said.
L'Oreal aims to cut out non-recycled plastic packaging by 2030 and bring in greener products like solid shampoo bars under its flagship Garnier brand as it steps up an environmental push, it said on Thursday.
Unilever is considering changes to its dominant line of skin lightening creams, according to a company source, even as the company and its rivals face a growing global social media backlash against such products.
Swiss travel retail giant Dufry AG on Wednesday launched a restructuring programme designed to cut its staff costs as it works to protect its business following the effects of the coronavirus outbreak globally.
An appeals court on Tuesday rejected Johnson & Johnson’s bid to throw out a jury verdict in favor of women who blamed their cancer on its talc products, but reduced damages by more than half to $2.12 billion.