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This week, J.Crew reintroduces its nostalgic catalog, Nordstrom introduces beauty and lifestyle assortment in a bid to win younger shoppers, and more.
RETAIL NEWS
Victoria Beckham Losses Shrink as Sales Soar 50% at Fashion Brand
The fashion and beauty business reduced losses to £200,000 with a 52 percent sales surge to £89 million last year, driven by online growth and expansion into new product areas.
Dior Recruits Miu Miu CEO as Managing Director
In a surprise move that underlines the gravitational pull of today’s luxury behemoths, Miu Miu‘s chief executive officer Benedetta Petruzzo is joining Christian Dior Couture as managing director.
J.Crew Fans, Get Ready: The Catalog Is Back
The brand is reintroducing the nostalgic catalog with Demi Moore on the fall cover and hoping to build on its sales momentum.
Clare Waight Keller Is Uniqlo’s New Creative Director
Waight Keller hails from the salons of Paris; she was at Givenchy for three years and at Chloé for six before that, and she’s upfront about the learning curve at Uniqlo. She now oversees not just the Uniqlo: C line she was hired to develop last year, but also the brand’s core offerings.
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops.
63% of brands will invest in IRL events this fall
Events have been an increasingly useful tool for fashion brands. Brands are doing everything from hosting activations at larger established events like the U.S. Open, to throwing store opening parties and product launch events, to investing in influencer trips.
Sézane ventures into kidswear with the launch of Petit Sézane
Sézane has translated its quintessential French style into kidswear with the launch of Petit Sézane.
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Social Media’s Unsavoury Upside for Luxury Brands
The insecurity and alienation social media is fueling in young people will push them to buy luxury goods in hopes their new purchases will somehow elevate them to better versions of themselves, Solca wrote in a recent research note. “The kids aren’t alright, and luxury goods can help them feel better,” the report reads.
Nordstrom family group offers $3.8B to go private
Nordstrom family members including CEO Erik Nordstrom and his brother Pete, who is president of the company, have teamed up with Mexican retail company El Puerto de Liverpool to buy the department store for $23 per share or $3.8 billion in cash.
Phoebe Philo Is Coming to a Store Near You
The British designer, who launched her signature label exclusively online in late 2023, will distribute to select brick-and-mortar retailers this fall in Europe and the U.S.
BEAUTY NEWS
With fragrance launch, Cult Gaia begins world building
Ahead of the brand’s first beauty launch, founder and CEO Jasmin Hekmat outlines how she’s building out a brand that’s in it for the long haul via product category and physical retail expansion.
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated borrowing costs.
Why Beauty Can’t Break Up With Anti-Ageing
Despite brands’ public promises to ditch the term and switch to more inclusive language, many shoppers still – secretly or publicly – want products with anti-ageing qualities.
Nordstrom Introduces Beauty And Lifestyle Assortment In A Bid To Win Young Shoppers
Aimed at young millennial and gen Z consumers, the trendy assortment features big and small brands, including Kiramoon, The Ordinary, Le Mini Macaron, Blume, Neen and First Aid Beauty.
The Business Opportunity in Gen-Z Bridal Beauty
As Gen-Z begins to head to the altar, their emerging bridal preferences can create fresh revenue-generating opportunities for beauty companies. But savvy marketing and deployment is needed to fully realise their potential.
Whatever happens in the 2024 U.S. election, beauty executives believe the category will be resilient to any changes in consumer spending. Some categories, such as apparel, expect to see a dip in spending due to uncertainty surrounding the race between Vice President Kamala Harris and former President Donald Trump, but based on its experience of past election cycles, the beauty industry expects to remain resilient.
The rise of alcohol-free perfumes signals the skinification of fragrance
With the “clean” beauty market still evolving, new perfume launches are experimenting with alternative formulations to stand out in a saturated market and address changing consumer demands. And the category for water-based, alcohol-free perfumes is still ripe for expansion.
The Ordinary, Tarte Cosmetics Among Top 10 Beauty Brands by TikTok Shop Sales This Year
One year after its U.S. debut, TikTok Shop remains an enigma for many brands in search of sales success — and a cash cow for others who have benefited either from early adoption, product alignment with the platform’s trends, or both.
Victoria Beckham, Augustinus Bader Join Forces on Clinically Backed Concealer
Two of beauty’s buzziest names are teaming up for a new category launch. Victoria Beckham Beauty and Augustinus Bader are jointly debuting the Concealer Pen, marking both brands’ first forays into complexion. In addition to Augustinus Bader’s proprietary hero ingredient, TFC8, the concealer includes squalane, polyglutamic acid and a peptide to aid in wrinkle reduction.
‘Maybe It’s Maybelline’ returns, reworked for TikTok era of beauty marketing
A relaunch of the iconic tagline that debuted in 1991 is part of the L’Oréal-owned brand’s marketing to Gen Z.
COMINGS & GOINGS
- Dior Recruits Miu Miu CEO as Managing Director WWD
- Clare Waight Keller Is Uniqlo’s New Creative Director Vogue
- L Catterton-Backed Beauty Industry Group Appoints CEO BoF
- Burberry Names New Chief Marketing Officer, Americas President BoF
- Haider Ackermann is named creative director of Tom Ford Vogue Business
