Ulta Beauty launches curb-side collection
Stores may be closed to clients but Ulta Beauty has debuted a Curbside Pick-Up service in select stores. The offering is an extension of its popular Buy Online Pick Up in Store service.
The Estee Lauder Companies Q3 2020: sales down 11 percent but signs of recovery in China
The Estee Lauder Companies has announced its results for the third quarter of fiscal 2020. The US prestige beauty giant saw sales drop 11 percent year-on-year in the three months to March 31, 2020, to US$3.74 billion.
Bed, Bath & Beyond appoints CFO, names key executives
Bed, Bath & Beyond has named four new strategic appointments for its leadership team.
Amazon is ‘in a league of its own’, says Brand Finance as it names the e-commerce behemoth ‘World’s Most Valuable’
Brand Finance has named Amazon the World’s Most Valuable Retail Brand and predicted that its dominance over retail will likely grow as the COVID-19 pandemic sends consumers online, smashing the ‘unobtainable’ US$200 billion brand value mark.
Lancôme relaunches Juicy Tubes
To celebrate 20 years since their debut, L’Oréal-owned Lancôme is relaunching its popular Juicy Tubes lip glosses, according to a report published by Allure.
Jim Gerson named President for Speedo North America
Following the announcement that Pentland Group has completed the acquisition of Speedo North America, the company has announced that Jim Gerson is poised to return to the business as President.
Coty professional beauty sale hits snag; KKR and Henkel hold off on bids to assess COVID-19 impact on salon brands
Henkel and U.S. buyout fund KKR are said to be holding off on bids for Coty’s Professional Beauty division as they look to assess the damage caused by the coronavirus pandemic on brands such as Wella, Clairol, GHD and OPI, according to a report by Reuters.
L’Oréal USA launches Snapchat filters in Snap Camera partnership
L’Oréal USA has become the first beauty company to partner with Snap Camera as it looks to AR amidst the coronavirus crisis, launching eight custom-branded augmented reality lenses for the Snap Camera desktop platform.
Reckitt Benckiser teams up with Hilton to launch Hilton Cleanstay program
Reckitt Benckiser (RB) has teamed up with hotel chain Hilton to launch the Hilton Cleanstay program, as it looks to deliver an ‘industry-standard of cleanliness and disinfection’ following the coronavirus pandemic.
Open wide: US retailers call on states to standardize store opening
The Retail Industry Leaders Association and the National Retail Federation have called on Governors across the US to adopt a universal reopening standard, rather than piecemeal lifting of restrictions, according to a report published by Bloomberg.
Sycamore pulls out of Victoria’s Secret sale
L Brands has announced that Sycamore Partners has delivered a notice purporting to terminate the agreement relating to the sale of a 55 percent interest in Victoria’s Secret.
Neptune Wellness partners with Dr Jane Goodall to co-develop Forest Remedies line
Neptune Wellness Solutions has announced that it has teamed up with well known conservationist Dr Jane Goodall to co-develop a line of health and wellness products under the former’s Forest Remedies brand.
Coty Professional sets up fund to help hairdressers
Coty’s Professional Beauty division has set up a fund of some US$200,000 to help beauty businesses affected by the COVID-19 crisis, according to a report published by Allure.
bareMinerals launches virtual beauty consultants
Shiseido-owned bareMinerals has launched a virtual beauty consultation aimed at recreating the in-store experience at home.
Bluemercury up for sale? Macy’s seeks buyer as COVID-19 crisis drags on
Macy’s is on the hunt for a buyer for its Bluemercury chain, according to a report published by WWD.
Coty: will drones be the key to tie up professional beauty sale?
Coty is thought to be looking to use drones to help complete the divestiture of its professional beauty division, according to a report by Bloomberg.
P&G forges ahead with marketing during COVID-19 to retain ‘mental availability’
Procter & Gamble is forging ahead with its marketing activity as it looks to retain ‘mental availability’ of its products during the COVID-19 pandemic, according to a report by the Drum.
Coty’s Calvin Klein brand scoops Silver Cradle to Cradle award
Coty-owned Calvin Klein fragrances has achieved a Material Health Certificate at Silver level from the Cradle to Cradle Products Innovation Institute for its CK Everyone edt.
Nordstrom sets sustainability goals through 2025
Department store Nordstrom is deepening its efforts to minimize its environmental impact by 2025. The US retailer has announced five new goals to demonstrate its continued commitment to combating climate change and increasing environmental stewardship.
Omya closes acquisition of Formulae Development
Omya has announced that it has completed the acquisition of Formulae Development. Terms of the deal were not disclosed.
Procter & Gamble to debut paper tube for Secret and Old Spice deodorants
Procter & Gamble has announced that it is set to trial its first all-paper tube package for its Old Spice and Secret deodorant brands this May, according to a report published by Environment + Energy Leader.
EDITED raises US$29 million to help retailers fight COVID-19 disruption with data
Retail decision platform EDITED has received significant investment to help the world’s largest retailers maximise profitability and reduce risks during uncertainty.
Procter & Gamble Q3 2020: stockpiling leads to sales boom
Procter & Gamble reported its ‘best US sales growth in decades’ (Reuters) at the close of last week. The US FMCG giant saw sales rise 5 percent to US$17.2 billion, while net earnings grew 8 percent versus the prior year.
Revlon enters into refinancing agreement
As part of its recently announced transformation plan, Revlon has reached a refinancing agreement with Jefferies Finance.
Estée Lauder Companies announces pay cuts, suspended payments and freeze on hiring
The Estée Lauder Companies has announced a slew of measures to cut costs during the coronavirus pandemic, including pay cuts, suspended payments and a freeze on hiring
Saks Fifth Avenue draws up re-entry plan as retailer looks ahead to store re-openings
Saks Fifth Avenue has drawn up a ‘re-entry’ plan with a vision of what its stores will look like post- coronavirus lockdown, according to a report by NY Post.
Glossier launches first hand cream; donates 10,000 to healthcare workers
Glossier has announced the launch of its first hand cream, with the first 10,000 products being donated free of charge to healthcare workers on the frontline of the coronavirus pandemic.
Coty predicts 20 percent Q3 sales fall, announces executive pay cuts
Coty has announced a predicted 20 percent sales fall for Q3 fiscal 2020 due to the economic implications of the COVID-19 pandemic.
Dove debuts ‘Courage is Beautiful’ campaign featuring health care workers
Dove has launched a powerful new campaign championing the health care workers risking their lives on the front line of the COVID-19 crisis.
Procter & Gamble settles in Charmin lawsuit
Procter & Gamble has settled a class action lawsuit that charged the US FMCG manufacturer with misleading consumers over the flushability of its Charmin brand’s Freshmates Flushable Wipes, according to a report published by Biz Journals.
Conde Nast cuts staff pay and gears up for redundancies
Conde Nast is said to have cut staff pay and ushered in a reduced working week for many as COVID-19 hits ad revenues.
Sephora calls time on Play! subscription box
Sephora has decided to bring an end to its subscription box business, according to a report published by Refinery 29.
Boom then Bust? Cannabis companies struggle to maintain cash flow through the crisis
The COVID-19 pandemic could shape up to be an ‘extinction-level event’ for the burgeoning cannabis industry, according to a report published by Bloomberg.
Colgate-Palmolive to support WHO #SafeHands initiative with 25 million soap bars
Colgate-Palmolive has announced that it will support the WHO’s #SafeHands initiative by mobilizing a number of its manufacturing facilities around the globe to produce and donate 25 million bars of soap to help stem the spread of COVID-19.
Macy’s CFO announces departure during retail crisis
Macy’s Chief Financial Officer Paula Price has announced her departure from the company, effective May 31st, according to a report by Bloomberg.
L’Oréal USA extends COVID-19 crisis package with new community commitments
L’Oréal USA has announced an extension to its recently announced L’Oréal USA Gives Back initiative, with the launch of new community commitments in partnership with the Professional Beauty Association (PBA).
Estée Lauder borrows from line of credit as stores remain closed
Estée Lauder has borrowed $1.3 billion from its line of credit as stores remain closed and the COVID-19 pandemic continues to affect sales, according to MarketWatch.
PETA buys stocks in fashion brands Ralph Lauren, Burberry and Kering to push anti-wool agenda
PETA has capitalized on the fall in share prices following the coronavirus outbreak, having purchased stock in fashion brands such as Ralph Lauren, Burberry and Target.
Perfect Corp offers brands complimentary YouCam Makeup App services
Perfect Corp is offering brands three complimentary AR/AI Virtual Try-on services to help them reach shoppers while social distancing measures are in place.
Procter & Gamble offloads Kansas property
JLL has closed on the sale of a manufacturing site in Kansas City owned by Procter & Gamble, according to a report published by RE Journals.
Ulta Beauty suspends new hires, defers pay rises and puts store openings on hold
Ulta Beauty has issued a COVID-19-related business update outlining actions it is taking to improve its financial flexibility and preserve financial liquidity while its stores remain temporarily closed.
Walgreens Boots Alliance Q2: sales beat expectations as COVID-19 gets tills ringing
Walgreens Boots Alliance has received a considerable boost from the COVID-19 pandemic, as sales beat expectations in the second quarter of the current financial year.
Sephora lays off 3,754 part time and seasonal staff
Sephora has announced the lay off of some 3,754 part-time and seasonal staff as stores across the US remain shuttered, according to a report published by USA Today.
Charlotte’s Web appoints new COO
Charlotte’s Web has named David Panter as Chief Operating Officer, effective immediately.
Google announces $800 million coronavirus donation package
Google has announced a $800 million donation package that will help a range of charities and support initiatives that aim to lessen the impact of the COVID-19 pandemic.
Mary Kay dedicates manufacturing capabilities to hand sanitizer production
Mary Kay has announced it is to dedicate some of its production facility to manufacturing hand sanitizer, donating the first products off the line to those on the front line.
Coronavirus Aid Relief and Economic Security Act to support natural products industry
The Coronavirus Aid Relief and Economic Security Act (CARES) passed by congress is thought to help the natural products industry navigate through the economic unrest caused by the COVID-19 outbreak.
QVC remains on-air in North America despite country-wide shut down
TV shopping channel QVC has remained on air during the coronavirus outbreak, transmitting from its Philadelphia-based studios as the commonwealth announced “electronic shopping and mail-order houses” were permitted to continue broadcasting.
Our sector needs support if it is to survive: Ulta Beauty CEO petitions Washington as stores are shuttered
Ulta Beauty has announced that all its stores will remain temporarily closed until it is safe to reopen and that it would pay store and salon associates through mid-April and provide benefits to those currently enrolled.
CVS Health announces bonus for employees and plans to hire 50,000 staff
CVS Health has announced that it is awarding bonuses to employees required to be at facilities to assist patients and customers in recognition of their essential role amid the COVID-19 pandemic.
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