Footasylum calls in the robots with THG Fulfil warehouse deal Retail Trainers will be shuttled across Footasylum warehouses by automated robots after the sports and streetwear firm struck a deal with logistics company THG Fulfil. THG Fulfil, a division of Manchester-based THG Ingenuity, has signed a deal with Footasylum to revamp its warehouse facilities with robots and automated operation platforms in a so-called Autostore system. The [...]
THG reports strongest quarter of growth since 2021 Retail THG, the London-listed firm behind fitness supplement brand Myprotein, has reported a better-than-expected uptick in sales following operating model changes. Third-quarter revenue rose 6.3 per cent, the retailer told markets this morning, driven by 10 per cent in nutrition, alongside “continued momentum” in beauty. This represents the highest organic quarterly growth since the fourth quarter of [...]
THG shares jump as MyProtein owner returns to revenue growth Retail THG – the London-listed firm behind fitness supplement brand Myprotein – has reported a jump in revenue growth ahead of its AGM today. The group, founded by businessman Mathew Moulding, recorded positive revenue growth across its Beauty and Nutrition divisions on a constant currency basis and reiterated its full-year targets. Shares rose by over 10 [...]
THG trading on target after Ingenuity split January 23, 2025 THG, the company behind fitness supplement brand Myprotein, has reported its first trading update after the group split in two earlier this year. The company told the market this morning that adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) for 2024 are expected to align with consensus expectations. At the beginning of January, THG [...]