retail sector news

16th Aug 2024

Spinnova and Valmet have signed an exclusive partnership agreement for Valmet to supply process equipment to Spinnova’s technology customers. The deal aims to reduce fibre production costs and enhance competitiveness but is not expected to impact Spinnova’s 2024 financials significantly. It builds on previous projects and aims to advance fibre...

15th Aug 2024

A study by ifo found that Germany's 2020 VAT reduction on sanitary pads and tampons from 19 to 7 per cent, aimed at reducing tax discrimination, was fully passed on to consumers. However, companies simultaneously raised prices for panty liners, which were not included in the tax cut. This increase has offset the intended financial relief for women.

12th Aug 2024

Glatfelter Corporation reported a $25.6 million adjusted EBITDA for Q2 2024, up $8.3 million from the previous year. Spunlace segment EBITDA increased by $3.4 million, while composite fibres witnessed a $4.9 million rise despite lower net sales. The company also settled a legal dispute for $6.5 million, expected to be recognised in Q3 2024.

9th Aug 2024

The Honest Company reported $93 million revenue in the second quarter of 2024, a 10 per cent increase from the previous year, driven by strong baby products and wipes sales. Gross margin rose to 38.3 per cent from 27.1 per cent, and adjusted EBITDA was positive $8 million. Operating expenses increased by $3 million due to higher marketing...

9th Aug 2024

Toray Industries reported a 10.3 per cent YoY rise in Q1 FY25 revenue to ¥637.7 billion (~$4.4 billion), with core operating income up 67.8 per cent to ¥36.8 billion. Profit surged 92.6 per cent to ¥26.9 billion. The fibres and textiles segment grew 9.4 per cent, performance chemicals rose 12.5 per cent, and carbon fibre materials saw a 13 per cent ...

9th Aug 2024

Tighties has launched leggings designed for pain relief, muscle strengthening, and active recovery. Featuring the BOA Fit System and Tighties Strapping System, the leggings offer superior compression and muscle engagement. The Challenger Resistance and Energizer Compression leggings are now available, with The Stabilizer Leggings coming later.

8th Aug 2024

CloroxPro has expanded its Clorox EcoClean line with new disinfecting wipes made from 100 per cent plant-based materials and a naturally-derived citric acid. Certified by DfE, these wipes kill 99.9 per cent of germs without bleach, ammonia, or alcohol, and use 38 per cent less plastic. They are ideal for shared spaces and align with sustainability...

7th Aug 2024

Edgewell Personal Care reported Q3 FY24 net sales of $647.8 million, down 0.3 per cent YoY, with a $6.2 million currency impact. Organic net sales rose 0.6 per cent. Gross profit increased to $287.1 million, with gross margin up 120 basis points to 44.3 per cent. Operating income was $82.7 million. Net income was $49.0 million, or $0.98 per share.

7th Aug 2024

Vanessa Hellwing will join Andritz AG’s executive board as CFO on March 28, 2025, succeeding Norbert Nettesheim, who is retiring after 36 years with the company. Hellwing, currently CFO at Viessmann Climate Solutions SE, brings over two decades of financial leadership experience. CEO Joachim Schönbeck praised Nettesheim’s contributions and welcomed ...