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This week, men's retail is booming in downtown Manhattan, Coty joins competitors in warning of beauty sales slowdown, and more.
RETAIL NEWS
Finally, Macy’s Innovation Strategy May Be Starting to Work
The boldest of the plan's bold new moves is its identification of 50 Macy's stores as innovation incubators to test new concepts, visual merchandising and retail approaches with the winning strategies to be rolled out across its entire fleet.
LVMH Misses Expectations With 4.4% Q3 Revenue Drop as Japan Cools
The Chinese dam has broken for LVMH Moët Hennessy Louis Vuitton. The world’s biggest luxury group missed market expectations with a 4.4 percent drop in revenues in the third quarter, blaming lower growth in Japan and a “marked deterioration” in sales of clothing and accessories to Chinese nationals.
Bloomie’s Set to Open in Shrewsbury, N.J.
The specialty store format, which presents a slice of the Bloomingdale's full-line department stores, is set to open its fourth location soon and is being strategically rolled out around the country.
Economic headwinds, higher prices and a lack of novel design are all weighing on what was previously fashion’s most dynamic segment. LVMH’s quarterly results Tuesday will offer hotly-watched insights on the severity of the slowdown and how long it will last.
Saks to Offer Exclusive Merchandise, One-of-a-Kind Experiences and More for Holiday
Exclusive designer merchandise, one-of-a-kind experiences and holiday windows and light display are some of season's offerings at Saks.
Scandinavian Outerwear Brand Rains Opens a Madison Avenue Store
The Scandinavian outerwear specialist Rains has opened its 30th store internationally with a Madison Avenue location. With a handful of stores in New York, Rains’ newest addition is a 600-square-foot one at 575 Madison Avenue and another will soon bow at the Belmont Park Village.
Why Men’s Retail Is Booming in Manhattan
Young menswear and streetwear brands are opening stores across downtown Manhattan at a moment when young consumers are eager for in-person shopping, social-media marketing feels stale and menswear customers are looking for new options.
As the luxury sector struggles, brands are refocusing on timelessness
As the ongoing luxury slowdown continues, luxury brands are continuing to shake up their creative and executive leadership in hopes of finding some way out of the spiral of declining sales.
Nearly half of holiday shoppers plan to shop in stores
Signaling a return to brick-and-mortar shopping, 47% of shoppers plan to shop in physical stores this holiday season, according to a new Experian survey of 1,000 U.S. consumers. While half of baby boomers said they will shop in physical stores, 46% of Gen Xers and millennials, as well as 44% of Gen Zers, said the same.
BEAUTY NEWS
Skyn Iceland Is Acquired by Amerikas
Amerikas, a beauty products distributor, has acquired the vegan, cruelty-free and natural skin care brand Skyn Iceland from a group of French and Swiss investors.
Coty Joins Competitors in Warning of Beauty Sales Slowdown
Cosmetics company says retailers are tightening their inventories as mass beauty sales continue to see slow growth trends, particularly in the U.S.
Amazon will reprise holiday beauty sale
This year the e-commerce giant will be competing for attention not just with rival retailers but also the November election.
Hailey Bieber’s Rhode Is Growing Fast, Opening Buzzy London Pop-Up
Since Hailey Bieber launched her beauty brand, Rhode, in the U.K. in May last year, the line has been embraced in a way that has the founder investing more time and effort into London. This summer, Rhode’s London photo booth attracted hourlong queues — now, the brand is going bigger with a four-day pop-up on Motcomb Street that stocks all of the brand’s stock keeping units: viral lip phone cases, Peptide Glazing Fluid, Peptide Lip Treatment and more.
RéVive Skincare Acquired By China-based Conglomerate S’Young Group
The brand, founded by Dr. Gregory Brown in 1997, has changed hands seven years after Tengram Capital Partners acquired it from Shiseido.
Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry
- Ulta Beauty shares fell on Wednesday, as the company stuck by its current forecast and shared its longer-term financial targets.
- The beauty retailer’s CEO Dave Kimbell said the company is facing stiffer competition and a more dynamic consumer backdrop.
- The company missed Wall Street’s earnings expectations and cut its full-year forecast in August.
K-Beauty Exports to the US Doubled from 2020 to 2023
The launch of BB cream into the US beauty market in 2011 ushered in the K-Beauty craze, shaping skincare routines across the globe. This surge was not merely a trend, but a cultural phenomenon fueled by the rising global influence of Korean culture (K-Pop, K-Drama), according to a new report called The Second Wave of K-Beauty. The report, which comes from a K-beauty insider, Landing International Founder and CEO Sarah Chung Park, highlights the current dynamics of the K-Beauty, its impact on North American consumers and growth opportunities for retailers.
COMINGS & GOINGS
