31 August 2023
31 August 2023
Shop price annual inflation drops to 6.9% during the month from 7.6% in July.
In the evolving landscape of the beauty industry, the fate of The Body Shop now hangs in the balance.
The partners will jointly explore AI-powered solutions to understand consumer sentiment and inform R&D efforts.
The retailer expects net income for the full year, which includes 53 weeks, in the range of $85m and $89m.
The company is adapting to post-pandemic retail challenges and looking ahead to potential growth opportunities.
The retailer expects consolidated net sales of $2.14m to $2.17bn in the full year of 2023.
The company expects Naturium to contribute approximately $48m in net sales in fiscal 2024.
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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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