Seb James, the boss of Boots, the UK cosmetics chain, which has seen strong growth in sales in its stores and online businesses, said Boots would “continue to rebound strongly from the COVID-19 epidemic”.
Boots’s total sales rose 15.2% in the quarter ended Feb. 28, thanks to a 22% year-on-year increase in sales.
Swedish fashion giant Himm’s sales rose in the first quarter, although the “negative impact of the COVID-19 epidemic” continued to affect many of its international markets.
Hallom said net sales rose 18% in local currency terms in the three months to Feb. 28. At fixed exchange rates, net sales increased by 23 per cent to 49.2 billion Swedish kronor (US $5.222 billion).
Operating profit for the period was SEK 458 million (US $49 million), compared with a loss of SEK 1.1 billion (US $117 million) in the first quarter of last year. Gross profit rose 27 per cent to 24.3 billion Swedish kronor ($2.579 billion), while gross profit margin rose 1.7 percentage points year-on-year to 49 per cent.
Asda, a well-known British supermarket, saw a surge in profits in the first year after it was acquired by the EG Group, thanks to a reduction in one-off costs associated with the COVID-19 epidemic.
During the year, Asda opened 31 Asda On The Move convenience stores at gas stations owned by the Issa brothers’EG Group.
Asda has also introduced new catering service brands such as Leon,Cinnabon and Sbarro to some of its large supermarkets. The company aims to expand these brands to 100 supermarkets by the end of 2022.
In its latest earnings report, Five Below, an American discount chain, laid out its long-term goal of increasing its sales and number of stores.
One goal set by Five Below is to more than triple the number of its stores from 1190 at the end of 2021 to more than 3500 by 2030.
About 1000 of these Five Below stores are scheduled to open by the end of fiscal year 2025. Also at that time, Five Below’s goal was to double its sales and earnings per share.
CVS, a well-known American drugstore chain, is committed to promoting the process of environmental protection. In its latest environmental, social and governance report, Health 2030, CVS can save about 1.3 million megawatt hours by keeping lighting hours in line with store hours.
In addition, the report details how CVS can help create a healthier and more sustainable world.
CVS has set a goal of reducing its environmental impact by at least 50 per cent by 2030 and achieving net zero emissions by 2050.
“in 2021, we have made significant progress in achieving the Health 2030 goal, with a particular focus on addressing health equity and protecting the environment,” said Karen S. Lynch, president and CEO of CVS.
We will continue to use our community influence, diversified assets and expertise to improve the health of human beings and the planet.
Shein, a Chinese cross-border fashion ecommerce company focused on overseas markets, is considering a new round of financing with a target valuation of about $100 billion.
The online retailer is in talks with potential investors to raise about $1 billion.
Last May, Shein said it was valued at billions of dollars and had no plans for an IPO anytime soon.
Last year, Shein downloaded more shopping apps in American stores than Amazon. The company has operations in Guangzhou, Singapore and Los Angeles, providing more than 600000 products to customers in more than 150 countries.
Investors in the startup include Tiger Global Management, IDG and Sequoia Capital.