Shopping malls giant Unibail-Rodamco-Westfield released its Q3 figures on Thursday and said the reopening in mainland Europe has driven an ongoing recovery with tenant sales at continuing European centres up 6%.
The New York-based fragrance group has reported $262.7 million in revenue for the third quarter ended September 30, 2021, a record figure according to the company, whose largest brands saw higher-than-expected growth.
THG can’t seem to catch a break. After it reported strong figures in its latest update, its share price continued to plummet, down from over £3 each at the previous day’s close to less than £2.40 each in early trading.
Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
It’s no surprise that another UK consumer confidence indicator (released Monday) was negative and the outlook for Christmas spending's weak as prices rise. But at least it wasn't as bleak as Friday's assessment by GfK.