-
Whole Foods Market disappoints
Whole Foods Market on Wednesday reported a disappointing first quarter and also lowered full-year sales and earnings guidance. Net income was $95 million for the quarter ended Jan. 15. The company earned an adjusted 39 cents a share during the quarter, in line with estimates. Total sales in the quarter increased 1.9% to $4.9 billion, less than the Street expected. -
Report: The Body Shop could be on the block
A retail pioneer in all-natural beauty products, ethical sourcing and environmental responsibility is facing an uncertain future. L’Oreal is exploring a sale of The Body Shop for $1.1 billion, the Financial Times reported. The cosmetics giant bought the company, which operates some 3,000 stores across the globe, in 2006. The Body Shop was founded in Brighton, England, in 1976 by Dame Anita Roddick. The brand has struggled recently amid increased competition from an array of brands.