Financial News

In line with perceptions that consumers are less prone to buying bigger-ticket items in today’s economy, Costco’s March sales report showed resilience in food and downturns in nonfoods.

L’Oréal signed an agreement with Natura &Co. to acquire the luxury Australian beauty brand Aēsop.

The companies entered into a definitive agreement in September 2022, under which CVS Health announced it would acquire Signify Health for $30.50 per share in cash for a total transaction value of approximately $8 billion.

The retailer surpassed $1 billion in adjusted EBITDA for the first time in the company’s history.

The retailer’s Q4 saw identical sales without fuel increase by 6.2%, while total company sales were $34.8 billion.

According to Publix, the additional week in Q4 of 2022 increased sales by 8.1% and comparable-store sales for that quarter increased by 12.4%.

Fourth-quarter sales at Target were up slightly with strength in key categories such as food and beverage, beauty and household essentials.

Despite continued market share gains in sales of both consumable and non-consumable products, same-store sales for the fourth quarter increased by 5.7%.

The company reported total revenue of $164.0 billion, an increase of 7.3%, or 7.9% in constant currency.

Retail sales in January were up 1.5% from December and increased 4.8% year-over-year, according to the National Retail Federation.

The retail conglomerate reported that group net sales increased by 8.1% at constant exchange rates and up 15.9% at actual exchange rates.

Outside of the United States and Canada, Suave will continue to be operated by Unilever, the companies shared.