THG can’t seem to catch a break. After it reported strong figures in its latest update, its share price continued to plummet, down from over £3 each at the previous day’s close to less than £2.40 each in early trading.
US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
We've seen more evidence of how younger consumers have changed their shopping habits since the onset of the pandemic with a report saying that many continue the online behaviour they developed during lockdown.
Consumer goods mega-giant Unilever had good news Thursday as it beat Q3 growth predictions and kept to its full-year profit margin guidance due to its brand power enabling it to hike prices to cope with rising costs.
Unilever's battle with rising costs will take centre stage at its third-quarter results on Thursday, with investors focused on whether it will cut its profit margin forecast for the second time this year.
The beauty retailer provided a strategic update to investors on Tuesday, revealing plans to invest in new delivery improvements and digital capabilities, but ultimately disappointing with a lower-than-expected outlook.
British tennis star Emma Raducanu has deepened her links to luxury giant LVMH and has been signed up as Dior’s newest celebrity ambassador, underlining the A-list status she achieved when she won the US open.
Matalan revenues rose fast in Q2 but could have risen faster if not for supply chain issues. The company is staying cautious as logistics problems frustrate efforts to get the product customers want into its stores.
Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.
A capital markets day is meant to boost a share price as the company concerned talks major investors through its strategy. But in the case of The Hut Group (THG) this week, it had the exact opposite effect.