BUZZ-Australia's Adore Beauty falls as new 3-year strategy fails to impress investors

Reuters
22 Nov 2024

** Adore Beauty falls as much as 4.7% to A$0.968; set to snap four straight sessions of gains

** Stock set for worst intraday loss in a week

** Beauty focussed e-commerce website tables fresh three-year strategy at its annual general meeting

** Investors unimpressed with new CEO Sacha Laing's "omni-channel strategy" targeting 25-plus store operations by 2027

** New strategies by discretionary retailers in Australia have not been able to appease investors recently as continued sticky inflation and rising cost of living continue to pressure customer

** ABY down 27.5% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10