17 November 2023
17 November 2023
Ahead of the 22 November Autumn Statement, ACS is emphasising the need to fortify the safety and future viability of local convenience businesses.
Core retail sales increased 3.7% for the first ten months of the year.
The retailer’s Q3 success reflects a resilient approach to economic challenges, strong sales growth and a commitment to supporting communities in the holiday season.
With the holidays around the corner, stores are facing tough competition and reconsidering how they manage their staff.
The retailer expects full year 2023 adjusted net earnings per common share growth to be in the low double digits.
The retailer expects GAAP and adjusted EPS in the range of $1.90 to $2.60 in fourth quarter.
The divesture is part of Natura &Co’s strategy to simplify and refocus its operations.
Net sales for the current year’s Q3 were down by 3% to $37.71bn from $38.87bn in Q3 FY22.
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The emergence of ecommerce has made it imperative that companies understand consumer behavior, deliver personalized service, and offer competitive pricing models. Ecommerce giants like Alibaba and Amazon dominate the space, supported by huge customer bases, robust mobile payment platforms, and technology expertise in areas like AI. Smaller players focus on disruptive business models, such as subscription services, to make their mark. Per GlobalData, the ecommerce market was valued at $5.9 trillion in 2022 and is expected to grow at a CAGR of >9% by 2027.
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