Cautious spending likely to affect InNature

Seeking growth: The Body Shop’s outlet is seen in the Klang Valley in this file picture. InNature might reopen these outlets in airports in the country after having closed six during the Covid-19 pandemic.

PETALING JAYA: Innature Bhd’s sales momentum could face headwinds in the second half of the year, in light of sluggish consumer spending and intensified competition.

CGS-CIMB Research, in a report, noted that the company’s sales momentum likely improved quarter-on-quarter in the second quarter of 2022, mainly driven by the lifting of movement restrictions and “revenge spending” activity.