For many emerging beauty brands, the early days of getting up and running has been the relatively easy part. Now, they need to confront even greater challenges to continue their growth trajectories, according to The State of Fashion: Beauty.
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.