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 beauty multi-brand retailer is betting stores will remain important after the pandemic and is investing in a new fleet of brick-and-mortar locations.
This year, the company will open sixty freestanding locations, mostly outside of malls, in addition to the 200 shops it was already planning to open inside of Kohl’s department stores.
Targeted cities and states include Dallas, Austin, Houston, Los Angeles and Nashville for the standalone stores and New Jersey, Ohio and Wisconsin for the Kohl’s shops.
In the fourth quarter of the year, the LVMH division that includes Sephora (and duty-free retail, particularly challenged during the pandemic) took the hardest hit, with sales plummeting 29 percent year-on-year.
In a release, Sephora said it saw record online sales in 2020. The company currently has more than 500 stores in North America.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.