In the first half of the current financial year, sales at L’Occitane International (the owner of L'Occitane en Provence and Erborian) dropped by 15.2%, to €616.6 million, affected by the Covid-19 crisis.
Good but not spectacular. UK online retail sales across the Black Friday weekend were “very strong” this year, although they failed to match forecasts in spite of England being confined to lockdown shopping, IMRG said.
Function of Beauty said the investment will accelerate the company's product development, support its continued worldwide expansion, and build upon its already industry-leading customized manufacturing capabilities.
Stores in England were ultra-busy on Wednesday as non-essential shops were allowed to reopen, retailers went the extra mile to make their locations appealing and consumers rushed to buy bargains or to do Xmas shopping.
It’s become something of a 2020 tradition for retailers to coincide new store openings with post-lockdown reopenings and on Wednesday, as England’s stores welcomed shoppers back, there were three fashion-linked debuts.
The UK's business secretary, has pledged support for those affected by the Arcadia administration filing. He didn’t mention Debenhams, but it's to be assumed there will also be support for those hurt by its failure.
Supermarkets giant Tesco said it’s repaying the £585m worth of business rates relief it received as part of the retailer support offered during lockdowns this year. Rivals Sainsbury's and Morrisons then did the same.