Natura & Co, the Brazil-based owner of The Body Shop, Avon and Aesop, said it saw another quarter of double-digit revenue growth in Q1, easily beating the wider global Cosmetics, Fragrance, and Toiletries market.
One of the UK's best known and historic hairdressing names could be about to appoint administrators as the hair and beauty salon sector tries to recover from a year in which enforced closures have been devastating.
The professional beauty supplies seller announced second-quarter sales of $926.3 million on Thursday, an increase of 6.3% from $871.0 million in the prior-year period, despite ongoing disruptions related to Covid-19.
The professional beauty supplies seller announced on Friday that it has appointed Brenda Rutenber as group vice president of stores and promoted Maryann Herskowitz to group vice president of merchandising.
The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.
There are some mixed signals coming out of the latest consumer research suggesting that the retail bounce-back could be delayed until late summer. But fashion and beauty should still get a boost from next month.