The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Condé Nast beauty title is working with STÔUR Group, a retail service that specialises in building stores for publishers, to open a brick-and-mortar location in autumn 2021. The 2,900 square foot space promises an “immersive retail experience” with a curated product offering, augmented reality try-on features, smart mirrors and regular in-store events such as masterclasses.
Allure, which celebrates its 30th anniversary this year, has a readership of 25 million and reported a 20 percent year-on-year increase in traffic to its site and 25 percent increase in time spent. While this is Allure’s first foray into physical retail, the magazine has been running a beauty box subscription service since 2012, reporting year-on-year revenue growth of 20 percent.
Prestige makeup is fashion’s category expansion du jour. But even the market’s most powerful players could learn a thing or two from its celebrity-backed competition.
Shining light on the $12.3 billion SPF boom.
News of a potential exit has the beauty industry in shock and awe of the Selena Gomez-founded label, and wondering what its next move should be.
L'Oréal reported a 9.4 percent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets; the United States and China.