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Fashion and beauty e-commerce orders fall as retail reopens

Fashion and beauty e-commerce orders fall as retail reopens

​It may come as no surprise, but online retail orders in the UK have fallen as a result of the reopening of non-essential stores in England and Wales.
Fashion
The Hut Group to boost acquisitions budget as beauty opportunities abound

The Hut Group to boost acquisitions budget as beauty opportunities abound

​The Hut Group plans to spend even more on making acquisitions in the future having set a new target of around £250 million a year for buying businesses, it said this week.
Fashion
The Hut Group revenues soar but one-off costs mean it's loss-making

The Hut Group revenues soar but one-off costs mean it's loss-making

​The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.
Fashion
Henkel sees first-quarter organic sales up 7%, above market view

Henkel sees first-quarter organic sales up 7%, above market view

Henkel, the German chemicals and consumer goods group, said on Wednesday it expected first-quarter sales to significantly exceed market expectations with organic growth of around 7%.
Beauty
Loli Beauty launches at Ulta

Loli Beauty launches at Ulta

Previously only available direct-to-consumer, the zero-waste, cruelty-free beauty brand has chosen to make its retail debut with the U.S.’s largest cosmetics seller.
Beauty
Leslie Wexner to step down from L Brands board

Leslie Wexner to step down from L Brands board

The Columbus, Ohio-based owner of Victoria’s Secret announced on Thursday that founder, former CEO and chairman emeritus Leslie Wexner will not be standing for re-election to its board in May.
Fashion
L Brands increases first-quarter guidance

L Brands increases first-quarter guidance

L Brands announced on Friday that it was increasing its first quarter earnings guidance from a range of $0.35 to $0.45 to a range of $0.55 to $0.65. 
Fashion
John Lewis to cut prices on reopening

John Lewis to cut prices on reopening

In a tough week announcing more store closures and poor trading figures, John Lewis Partnership was at least able to deliver some positive news for consumers.
Fashion
Covent Garden landlord Capco upbeat on 2021 prospects

Covent Garden landlord Capco upbeat on 2021 prospects

There are 34 days (and counting) to go until non-essential retail reopens in England and optimism mounts. And London's Covent Garden surely isn't alone in its enthusiasm to return to business.
Fashion
Pandemic hits Brand Architekts' sales, dents growth plans

Pandemic hits Brand Architekts' sales, dents growth plans

Brand Architekts is on a transformational journey to grow into a £50m revenue business within the next five years. So how’s its 'Project 50' progressing?
Beauty
Body Shop, Avon and Aesop all outperform for Natura in Q4

Body Shop, Avon and Aesop all outperform for Natura in Q4

​The Body Shop, Avon and Aesop owner Natura & Co reported a sales surge and net profits up 200% in Q4, with the Brazilian giant saying it's continuing to outperform the wider market. 
Beauty
L'Oreal responds to push for natural ingredients in make-up

L'Oreal responds to push for natural ingredients in make-up

L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030 as demand for organic and environmentally-friendly cosmetics grows. 
Beauty
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
Boots' shift to digital sees 300 HQ jobs culled

Boots' shift to digital sees 300 HQ jobs culled

Citing “changing consumer behaviours” due to the coronavirus pandemic, Boots on Friday announced major job cuts at its head office operations.
Beauty
Australia's Ultraceuticals launches in the U.S.

Australia's Ultraceuticals launches in the U.S.

Australian-based Ultraceuticals Skincare is bringing its award-winning, cosmeceutical skincare brand to the United States. 
Beauty
Liverpool One boosts beauty offer with ​Thérapie Clinic signing

Liverpool One boosts beauty offer with ​Thérapie Clinic signing

Thérapie Clinic is to expand the Liverpool One retail destination’s beauty offer with its first centre in the North West of England.
Beauty