Beauty – Page 660 – Beautifaire

25 May

Ulta Beauty’s Rapid Sales Growth Begins to Moderate –

Ulta Beauty’s stock price dipped as much as 10 percent in after-market trading Thursday as its period of rapid sales growth began to moderate. Net sales increased 12.3 percent to $2.6 billion in the primary quarter of fiscal 2023, in comparison with $2.3 billion in the identical period last yr and a touch below analysts’ predictions of $2.62 billion. Comparable sales, which include stores open at the least 14 months and e-commerce sales, increased 9.3 percent in comparison with a rise of 18 percent in the primary quarter of fiscal 2022. “We entered 2023 anticipating that the unprecedented growth in the wonder category would moderate and that the promotional environment would increase,” said chief financial officer Scott Settersten during a call with analysts....

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25 May

Reading the Tea Leaves and Decoding Wall Street’s Tackle Fashion

by Beautifaire101

Beauty, Featured

Reading the Tea Leaves and Decoding Wall Street’s Tackle Fashion

Every quarter, chief executive officers from the large publicly traded fashion and retail corporations have their say — detailing their latest results and spinning them right into a growth story for Wall Street. And the stock analysts are there, hanging onto every word, remembering every promise and projection and attempting to distill all of it right down to buy or sell for his or her clients within the investment set. The flurry of research notes from analysts through the previous few weeks shows a Wall Street that's feeling at turns secure (within the rare case of Walmart Inc.), apprehensive (on luxury spending amongst more aspirational U.S. shoppers) and watchful (on turnarounds at VF Corp. and Foot Locker Inc.). Here, an annotated have a look...

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25 May

The Business of Beauty Global Forum 2023

by Beauty Tips

Beauty, Featured

We sit up for welcoming you to The Business of Beauty Global Forum 2023 happening on May 30-31, 2023 in Napa Valley, California and live-streamed for our global community.Please join us for 3 curated content sessions posing essential questions for industry professionals to contemplate. We'll bring together executives, entrepreneurs and creatives from across the industry to deal with these questions, share essential learnings and reimagine the long run of the worldwide beauty and wellness landscape.AgendaSESSION 1: WHAT DOES BEAUTY MEAN TODAY?The definition of beauty has modified and the market has transformed accordingly to represent recent opportunities and imperatives to include wellness, sexuality, global culture and identity in the way in which we take into consideration what is gorgeous. Here, we...

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25 May

Chanel Revenues Gained 17% in 2022

by Beautifaire101

Beauty, Featured

PARIS — Chanel is closing on luxury’s ultra-exclusive $20 billion threshold, reporting revenues gained 17 percent last yr to $17.22 billion, while operating profits rose 5.8 percent to $5.78 billion. The French fashion house trumpeted double-digit growth across all product lines, and noted retail teams “nurtured local clienteles” during pandemic restrictions, alluding to lockdowns in China that dented luxury growth last yr. Revenues in Asia-Pacific gained 14.3 percent to $8.65 billion on a comparable basis, stripping out the impact of currency fluctuations and changes in company structure. Revenues improved 29.6 percent in Europe to $4.72 billion and 9.5 percent within the Americas to $3.86 billion. In an announcement, Leena Nair, Chanel’s global chief executive officer, said the strong financials “reflect the strength of...

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