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This week, brands are experimenting with hospitality and luxury-branded residences, the lines between makeup and skin care are blurring, and more.
RETAIL NEWS
Coach’s Gen Z appeal drives Tapestry sales up 5%
Tapestry's performance is continuing to pick up after the termination of its merger with fellow 'affordable luxury' player Capri.
Ralph Lauren’s Earnings Shine. Apparel Company Raises Guidance.
Ralph Lauren raised its full year guidance, citing European demand and a better performance in its North American wholesale business.
Inside the rising popularity of luxury-branded residences
To embed their signature styles into all aspects of luxury shoppers’ lives, some prominent brands have been experimenting with attaching their names to cafés, restaurants, spas and hotels, where they can create additional touchpoints with luxury connoisseurs. According to market research and consulting firm Grand View Research, the luxury travel market is expected to grow at a compound annual growth rate of 7.6% annually until 2030. And, there seems to be a new branded luxury hospitality venture opening in major cities around the world every month.
Is Guess Inc. Revving Up Its Acquisition Engine?
Andrew Rosen, who already brought Rag & Bone to the retailer, has been considering whether to try to do the same with some of his other investments, according to sources.
‘Dior is Back’ – But Sephora Could Be Spun Off: HSBC
A new report on LVMH Moët Hennessy Louis Vuitton flags confidence in Dior's new D-Journey bag, while suggesting the luxury group could benefit from slimming down and exiting retail businesses.
The sheer number of changes at the top of big brands this week is a sign the industry is still searching for a way out of its current troubles.
The unlikely luxury rise of Lafayette 148
The label, previously a mid-tier department store name, has transformed itself into a luxe favourite for high-end customers. How did it pull it off?
Inside the Very Pink, Very Lucrative Phenomenon of LoveShackFancy
Rebecca Hessel Cohen created a universe overflowing with pink ribbons and ruffles. It would be easy to dismiss, if so many fans weren’t clamoring to live in it.
Simon Property Plots Major Upgrade for Smith Haven Mall, Burnishing a ‘B’ Mall on Long Island
Zara, Sur la Table, Ford’s Garage burger and brewhouse and an updated food court are among the new retailers and features coming to the Smith Haven Mall in Lake Grove, N.Y., as Simon Property Group moves to transform its “B” malls across the country. Simon said Monday that transforming the Smith Haven Mall, located on eastern Long Island, is multimillion-dollar project that will begin this summer and is expected to be completed in 2026
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs of a rebound in demand, but executives at the French luxury group said they expect 2025 to be a transition year, as Gucci looks for a new creative direction after the departure of its top designer and the Chinese market stabilizes.
Macy’s sticks with stores chief to lead brick-and-mortar transformation
Barbie Cameron began at the company nearly 40 years ago and has a pivotal role as the department store scrambles to rightsize and overhaul its fleet.
BEAUTY NEWS
How TikTok Trends Feed the Beauty Product Pipeline
TikTok trends have caused entire product categories, from snail mucin serums to bronzing drops, to go mainstream, but that pipeline’s future is uncertain.
Sephora Strategies: The power of Sephora’s free birthday rewards
Of Sephora’s 40 million loyalty members, roughly one-third will redeem their birthday gift each year. That makes it an enticing opportunity for not only consumers, but also for participating brands to acquire new customers and for Sephora to establish its dominance in the beauty retail landscape.
German value beauty conglomerate Cosnova breaks $1 billion in yearly sales, expands US footprint
As Europe’s best-selling color cosmetics brand by volume, according to Cosnova, the conglomerate’s U.S. strategy has everything to do with value and replenishment. Essence and Catrice are made up of affordable color cosmetics priced as low, or lower, than top sellers in the U.S. mass category.
Celebrity-backed Hair Care Brand Rōz Is Launching at Sephora
The four-year-old brand founded by celebrity hairstylist Mara Roszak is launching in Sephora, starting digitally Tuesday and then rolling out to endcaps in more than 60 doors before the end of the month.
E.l.f. Beauty Shares Crater as Weakening Cosmetics Demand Dents Annual Forecasts
Demand was softer in the mass beauty channel in January, and some of E.l.f.’s newer products were “off to a slower start,” chief executive officer Tarang Amin told Reuters.
From Moisturizing Perfume to $180 ‘Zen’ Facial Oil — Here Are the Need-to-know Q1 Skin Care Launches
Beekman 1802 is launching its first fragrance — goat milk included — while Sisley Paris' neurocosmetics-powered Neuraé is introducing a facial oil.
L’Oréal Invests in Jacquemus, Inks Beauty Deal
The cosmetics giant has taken a minority stake in the buzzy French brand as part of a long-term beauty partnership.
How to Get Into — And Stay In — Sephora
Top retailers like Sephora, Ulta Beauty and Target have kingmaking power in the beauty industry. Securing a spot and ensuring it goes off with a bang are becoming even more complex endeavours.
DBG Group Acquires Full Ownership of MCoBeauty
Australian beauty brand MCoBeauty, best known for its affordable dupes, is now fully owned by billionaire Dennis Bastas’ DBG Group, valuing it at $1 billion, according to multiple reports. The skin care and cosmetics brand was founded by Shelley Sullivan in 2020 as a more affordable spin-off of her company Model Co, with DBG taking a 50 percent stake of MCoBeauty in 2022.
Laneige’s First Lip Tint Is Here in All of Its Glossy, Hydrating Glory
Laneige just dropped its first-ever color cosmetics product: the Glaze Craze Tinted Lip Serum. The serum comes in four shades inspired by donuts.
Why a Full Face of Skin Care Is the New Full Face of Makeup
While the lines between makeup and skin care have been blurring since the pandemic, a new wave of launches is propelling their intersection to unprecedented heights.
Coty feels the beauty slowdown as growth in fragrance fails to offset declines in color cosmetics
Despite the continued growth in fragrance, Coty’s results for the second quarter of fiscal year 2025 failed to meet the group’s expectations. On Monday, the beauty conglomerate reported a 3% decline in net revenue for its second quarter to $1.6 billion.
Unilever to Acquire Refillable Personal Care Brand Wild For £230 Million
Unilever is set to acquire the British personal care company Wild for £230 million ($286 million), Sky News reported Monday. Wild was founded in 2019 by Charlie Bowes-Lyon and Freddie Ward. It offers refillable deodorants, lip balms, body washes and hand soaps through its direct-to-consumer website.
Can Estée Lauder Win Over the Modern Beauty Consumer?
As the beauty conglomerate struggles with falling sales and rising competition, new CEO Stéphane de La Faverie is implementing a strategic overhaul to modernise the company. The Debrief unpacks how the company’s family-controlled structure, market shifts and evolving consumer expectations are making his task difficult.
Prestige Beauty Sales Hit $33.9 Billion in 2024
Circana’s year-end data shows the prestige market outpacing mass in the U.S. with 7 percent growth, compared to 3 percent.
COMINGS & GOINGS
- Nancy Twine Steps Down as Briogeo CEO WWD
- Former New York & Co. chief to lead Express, Bonobos Retail Dive
- Sabato de Sarno Exits Gucci BoF
