The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
A judge has said Citigroup is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon, in what he called "a banking error of perhaps unprecedented nature and magnitude."
It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.
Milton Keynes can breath a sigh of relief. Any doubts that Harrods may pull out of plans to open a beauty store in the Buckinghamshire town, or further delay its arrival due to the Covid pandemic, are unfounded.
Forget the lingerie, diamonds chocolates and flowers. Most women want cosmetic products for Valentine’s Day. New data from Bazaarvoice’s Influenster shows as many as 70% of women would prefer to receive beauty products.
After announcing the closure of 500 stores in Europe, and 600 redundancies in Spain, the beauty retailer has merged its Italian, Spanish and Portuguese subsidiaries, now all led by Italy’s former country manager.
The Gucci Beauty flagship store has just opened on the Tmall Luxury Pavilion, its beauty licensee Coty has announced. The move follows Gucci’s opening of its first fashion flagship on the platform in December.