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 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 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.
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.
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 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 (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.
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.
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 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’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.
Shiseido-owned bareMinerals has launched a virtual beauty consultation aimed at recreating the in-store experience at home.
Macy’s is on the hunt for a buyer for its Bluemercury chain, according to a report published by WWD.
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.
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-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.
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 has announced that it has completed the acquisition of Formulae Development. Terms of the deal were not disclosed.
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.
Retail decision platform EDITED has received significant investment to help the world’s largest retailers maximise profitability and reduce risks during uncertainty.
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.
As part of its recently announced transformation plan, Revlon has reached a refinancing agreement with Jefferies Finance.
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 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 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 has announced a predicted 20 percent sales fall for Q3 fiscal 2020 due to the economic implications of the COVID-19 pandemic.
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 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 is said to have cut staff pay and ushered in a reduced working week for many as COVID-19 hits ad revenues.
Sephora has decided to bring an end to its subscription box business, according to a report published by Refinery 29.
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 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 Chief Financial Officer Paula Price has announced her departure from the company, effective May 31st, according to a report by Bloomberg.
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 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 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 is offering brands three complimentary AR/AI Virtual Try-on services to help them reach shoppers while social distancing measures are in place.
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 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 has received a considerable boost from the COVID-19 pandemic, as sales beat expectations in the second quarter of the current financial year.
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 has named David Panter as Chief Operating Officer, effective immediately.
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 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.
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.
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 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.