L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers.
The Los Angeles-based online fashion retailer achieved record income of $22.3 million in the first quarter, representing an increase of 435% compared to $4.2 million in the prior-year period.
With $1 billion of funding under its belt, Sweden-based fintech firm Klanra is to accelerate international expansion by opening a new London office and expanding its Manchester hub.
Brazil’s Natura, the owner of The Body Shop, Aesop, and Avon brands, has become the latest company to raise funds that are conditional on the business reaching certain ethical/eco goals.
German sportswear giant Adidas raised its 2021 sales outlook on Friday, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions.
It’s been a tough year for make-up sales, and lipstick in particular, as lockdowns and mask-wearing have pushed this former must-have item much lower on consumers’ priority lists. But times are changing.
Same-store sales at Uniqlo’s Japanese stores and webstore surged by as much as 84.5% year-on-year in April while its total sales rose 92.1%.
The Abercrombie & Fitch-owned fashion retailer has announced the launch of Social Tourist, a new brand inspired by the digital world in which Gen Z lives and socializes.
The professional beauty supplies seller announced second-quarter sales of $926.3 million on Thursday, an increase of 6.3% from $871.0 million in the prior-year period, despite ongoing disruptions related to Covid-19.
Middlebury, Connecticut-based Timex Group, a world leader in watchmaking, and Adidas, revealed on Thursday a new global licensing agreement for watches.
Tapestry Inc returned to quarterly sales growth and forecast full-year numbers above analysts’ estimates as the Coach handbag maker benefits from a strong rebound in demand for luxury goods in North America and China.
In a further sign of how important environmental, social, and governance-linked (ESG) issues are these days, lifestyle retailer Joules has announced a renewal of its funding deal with a strong ESG element included.
Next continued to show just how strong it has been in recent periods on Thursday as the retailer increased its guidance due to sales dipping only slightly in the latest quarter.
Percival Menswear, the London-based contemporary fashion brand, has secured a £3 million investment. The funds will be used to double its stock, introduce new categories and enhance customer service.
Superdry’s year-end trading statement has shown that revenue started to recover in Q4 and its “full-price discipline” drove a “significant” improvement in the quarter’s trading gross margin.
