retail sector news

7th Aug 2024

Soft N Dry Diapers Corp has introduced Tree Free diapers in California via its white label partner, ecoSoft Diapers & Materials LLC. The ecoSoft brand eliminates tree fibres, offering an eco-friendly option in the $60 billion diaper market. This launch is notable for California and also expands the brand's reach to national retailers in Mexico.

6th Aug 2024

Hollingsworth & Vose has launched PlusZero, a new line of filtration and energy storage solutions free from PFAS. This eco-friendly line maintains high performance and affordability, reflecting the company's commitment to sustainability and innovation. The company aims to lead with solutions that are both environmentally responsible and...

5th Aug 2024

Ontex’s H1 2024 revenue rose 3 per cent to €916 million (~$991 million), driven by an 11 per cent increase in adult care sales, which offset declines in baby and feminine care. Volumes rose by 5 per cent, with growth in North America and stable demand in Europe. Ontex’s strategic milestones support revision of revenue growth guidance to 4-5 per...

1st Aug 2024

Andritz’s revenue in the second quarter of 2024 has decreased by 2.2 per cent year-over-year to €2,100.2 mn (~$2265.49 mn). For H1 2024, revenue was €3,986.6 mn (~$4299.95 mn). Despite lower order intake due to reduced large capital investments in Pulp & Paper and Metals, profitability improved slightly. Significant growth was seen in Environment ...

31st Jul 2024

Ministry of Textiles has approved 19 research projects worth ~$2.52 mn under the NTTM. The projects were proposed by leading research institutions including IITs and CSIR. The Indian Textile Minister also reviewed progress on R&D, market development, and skill training under the mission. Key officials from various ministries and industries...

31st Jul 2024

Procter & Gamble reported FY24 net sales of $84 billion, a 2 per cent increase, with organic sales up 4 per cent. Diluted EPS rose 2 per cent to $6.02; core EPS increased 12 per cent to $6.59. Q4 net sales were $20.5 billion, with a 2 per cent rise in organic sales. However, diluted EPS for Q4 fell 7 per cent to $1.27. Net earnings for Q4 were...

30th Jul 2024

Autoneum's first half of fiscal 2024 saw robust revenue growth despite a challenging automotive market. Revenue in Swiss francs increased to CHF 1,212.3 million ($1367.35 million), with notable contributions from Borgers Automotive. Operational improvements boosted EBIT by CHF 20.8 million ($23.46 million) to CHF 65.8 million ($74.21 million).

29th Jul 2024

Rice University engineers have innovatively utilised open-cell foam to create pneumatic logic circuits for soft wearable systems. By harnessing airflow through the foam's porous structure, they enable digital computation, analog sensing, and combined digital-analog control. This approach reduces reliance on traditional electronic components.

27th Jul 2024

Sofidel has signed an agreement to acquire Clearwater Paper Corporation’s tissue business. This acquisition, valued at over $1 billion, includes four US manufacturing facilities and expands Sofidel’s presence in the North American tissue market. The deal enhances Sofidel's technology and sustainability efforts, with the transaction expected to...