There was good news and bad on UK spending on Tuesday as reports showed consumers are being impacted by higher prices, but are still spending on fashion and on activities that require new clothes and beauty products.
Sally Beauty Holdings said on Thursday second quarter sales declined for the three months ending March 31, hindered by supply chain and inflation, affecting sales in the firm's largest segment Sally Beauty Supply.
The brand, owned by influencer Jeanne Damas, is upgrading its beauty line. Its renewed identity includes a new name and logo independent of its main ready-to-wear line and will launch its first palette on May 8.
Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.
Online beauty and technology group THG reported its preliminary results for last year on Thursday, plus a Q1 trading update that showed it weathering the current inflation and supply chain storm fairly well.