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18 Nov

How Pharmacy Closures Will Impact Consumers and Personal Care

by Beautifaire101
Beauty, Featured
As pharmacies across the country close and pharmacists strike for higher working conditions, industry experts are analyzing the implications for consumers.  It wasn’t so way back that major drugstore chains were committed to expansion, with the intention to be on every corner making health services widely accessible — this approach proved successful throughout the COVID-19 pandemic. Nevertheless, the strategy is now going downhill with many major retailers announcing closures.  In October, Rite Aid filed for Chapter 11 bankruptcy. Meanwhile, earlier this yr, in June, Walgreens announced it might close 150 doors, following 200 store closures in 2019. In 2021, CVS said it might close 900 doors over the subsequent three years. Experts attribute these closures to the sheer amount of pharmacies, the...
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18 Jan

Mainland China Closures Dent Burberry Growth in Key Holiday Period

by Beauty Tips
Fashion, Featured
LONDON – COVID-19 disruption in China took a bite out of Burberry’s growth in the important thing holiday trading period, with third-quarter retail revenue flat at constant exchange, and up 5 percent at reported rates.  Retail revenue was 756 million kilos within the 13 weeks ended Dec. 31, compared with 723 million kilos within the corresponding period last yr. Comparable store sales were up 1 percent, compared with 7 percent within the corresponding period last yr. In mainland China, certainly one of Burberry’s biggest markets, sales were down 23 percent attributable to lockdowns and the country’s later decision to chill out COVID regulations throughout the period. Outside mainland China, comparable stores sales advanced 11 percent with the EMEIA region, Japan, South Korea and South Asia-Pacific...
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6 Jan

Morphe Confirms U.S. Store Closures – WWD

by Beautifaire101
Beauty, Featured
After several TikTok users posted that Morphe stores were shuttering, the makeup brand has confirmed that its retail stores across the U.S. can be closing their doors. “We've got made the difficult decision to shut all Morphe stores within the U.S. We're without end grateful to our store teams for his or her passion, talent and dedication over time,” the brand posted on Twitter. Morphe noted that customers can proceed to buy the brand online and at select retailers, while its stores outside the U.S. will remain open. Some user accounts on TikTok claimed they’ve been given a day’s notice about their store’s closing. The testimonials began around late December with discussions of steep discounting on products and no shipments for inventory. In...
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