30 August 2023
30 August 2023
Alongside other economic pressures, the challenge is making the road to profitability more complex and uncertain.
The skin care and cosmetics line’s revenue declined 12.5% to $162.89m in Q2 FY23.
A prospective saviour has ignited optimism for Wilko, which recently entered administration, endangering 12,500 jobs and 400 stores.
The retailer’s Logistics Centres recycled around 21.19 million cartons, reducing carton usage by 2,556t last year.
The takeover includes acquisition of IP rights for Perromart's inhouse brands in Singapore and Malaysia and more.
In the retail and apparel sectors, its main impact will be around virtual shopping assistants.
Retailers are investing online for tech-savvy convenience and doubling down on in-store for traditional shoppers.
The report reveals that some retailers are yet to recognise the issue of cruelty to farm animals.
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Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats.
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