LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...
16 Apr 2025
Beauty retail brand Sephora Canada has been named as a founding partner for Canada’s first Women's National Basketball Association (WNBA) team, the Toronto Tempo, which will join the league in 2026. As part of the multi-year partnership with the Toronto Tempo, Sephora Canada will have its logo adorned on the basketball players' jerseys, as well...
13 Jan 2025
Sephora North America president and chief executive officer Artemis Patrick will be honoured at the 76th annual Parsons Benefit taking place in New York on May 20. The Parsons Benefit is an annual celebration of the role fashion, design and the arts play in today’s world and honours what it calls “visionary figures” in fashion, business, design,...
3 Jan 2025
Sephora North America has selected eight BIPOC (Black, Indigenous, and People of Colour) brands for its 2025 Accelerate programme, which is designed to nurture and propel emerging beauty brands. The 2025 edition marks a decade of Sephora championing emerging talent and continues to be a vital launchpad for BIPOC-founded and -owned businesses,...
17 Dec 2024
Sephora, part of the LVMH Group, has opened its seventh bricks-and-mortar store in the UK at Bluewater shopping centre in Kent, as the beauty emporium continues its rollout across the country since its relaunch in 2022. The 4,593 square foot store, located on the ground floor of Bluewater, enhances the beauty offering at the shopping centre,...
28 Nov 2024
Kohl’s third quarter net sales decreased 8.8 percent to 3.5 billion dollars and comparable sales decreased 9.3 percent. Gross margin was 39.1 percent, an increase of 20 basis points, operating income dropped to 98 million dollars and net income declined to 22 million dollars or 20 cents per diluted share. The company said in a release that Kohl’...
27 Nov 2024
Christopher de Lapuente is believed to be retiring from his position as CEO and chairman of Selective Retailing at the luxury group LVMH. According to an internal memo seen by WWD, de Lapuente is scheduled to step down on October 31, after which he will also no longer be a member of LVMH’s executive committee. It brings to an end an almost 20...
26 Sept 2024
Beauty retail brand Sephora UK has appointed DHL Supply Chain as its lead logistics provider for the next five years and unveiled a new omni-channel distribution centre to support its retail growth strategy in the UK. Through this partnership, DHL will be responsible for warehousing, e-commerce fulfilment and Sephora’s UK transport network to...
20 Aug 2024
LVMH Moët Hennessy Louis Vuitton recorded revenue of 41.7 billion euros in the first half of 2024, achieving organic growth of 2 percent but down 1 percent reported. In the second quarter, organic revenue growth was 1 percent. The luxury conglomerate said in a statement that the growth continued over the first half period despite a geopolitical...
24 Jul 2024
LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...
17 Apr 2024
Beauty retailer Sephora has appointed Xia Ding as the managing director of Greater China. Based in Shanghai, Ding will directly report to Asia president, Alia Gogi. Prior to Sephora, she spent five years as vice president & general manager of e-commerce Asia Pacific and Latin America at Nike. Commenting on Ding’s appointment, Gogi said in a...
15 Apr 2024
Science-driven, clean make-up brand Haus Labs by Lady Gaga is expanding across 12 new countries in Europe with Sephora. The beauty brand will arrive in Sephora stores and online from March 26 in France, Italy, Spain, Portugal, Sweden, Denmark, and Germany. It will also be online only in Switzerland, Greece, Romania, Poland and the Czech...
26 Mar 2024