Percent – Page 4 – Beautifaire

7 Feb

Contained in the Second Annual Fifteen Percent Pledge Gala

The Fifteen Percent Pledge gala returned to the Latest York Public Library on Saturday night. Just like last 12 months’s inaugural event, the dress code — “Black Tie, Black Designer” — encouraged fashion insiders and industry leaders to point out their support for Black-owned brands as they toasted the evening’s honorees and grant award winners. Brother Vellies creative director Aurora James launched the Fifteen Percent Pledge initiative in 2020 with the goal of getting retailers to commit 15 percent of their purchasing power to Black-owned businesses. The event honored Bethann Hardison, whose documentary “Invisible Beauty” premiered at Sundance last month, with the Pioneer Award. Beauty brand 54 Thrones received the inaugural Achievement Award presented by Shop with Google, which comes with...

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30 Jan

Prestige Beauty Grew 15 Percent in 2022 – WWD

by Beautifaire101

Beauty, Featured

Prestige Beauty Grew 15 Percent in 2022 – WWD

Economic uncertainties are not any match for prestige beauty, latest data shows. In keeping with a year-end report from the NPD Group, every category in prestige beauty posted double-digit gains, with makeup, skincare, fragrance and hair growing 18 percent, 12 percent, 11 percent and 22 percent, respectively. The industry overall grew 15 percent. That ballooning of sales shows no signs of abatement, in accordance with Larissa Jensen, vice chairman of beauty at the NPD Group. “It’s still up double digits year-to-date to date,” she said. “That swell is continuous in 2023, which is what we anticipated.” Across the consumable sectors NPD tracks, prestige beauty was the just one to achieve double-digit sales in units. “It goes back to the lipstick index and the...

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8 Jan

Stitch Fix CEO Elizabeth Spaulding Steps Down, Company Cuts

by Beauty Tips

Fashion, Featured

Stitch Fix CEO Elizabeth Spaulding Steps Down, Company Cuts

Things have turn into a bit unstitched at Stitch Fix. Amid a slumping business, Elizabeth Spaulding has relinquished her role as the corporate’s chief executive officer and a member of the board of directors, effective Thursday. As well as, Stitch Fix said it is going to cut 20 percent of its salaried positions. Founder and former CEO Katrina Lake has been named CEO, effective Thursday, and can serve in an interim capability for six months or until her successor is appointed, unless otherwise agreed by Lake and the board of directors. “I sit up for stepping back in to steer the business and dealing closely with the board of directors to discover a successor going forward,” Lake said. “My fellow board members and...

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16 Dec

Prestige Fragrance Sales Grow 4 Percent Because of Holiday

by Beautifaire101

Beauty, Featured

Prestige Fragrance Sales Grow 4 Percent Because of Holiday

Fragrance sales, which have been swelling because the pandemic began, are getting an added lift from holiday shopping season. In line with The NPD Group, fragrance sales grew 4 percent from Oct. 4 through Dec. 2. The rise is due partly to climbing price averages and fewer discounts, in addition to consumers choosing higher-priced offerings — a prevailing trend this 12 months. “Fragrance sales reached recent heights following the pandemic, and it’s particularly impressive that the market is maintaining this elevated level reasonably than softening, which is usually the case after such an unprecedented performance,” Larissa Jensen, beauty industry adviser at NPD, said in an announcement. Brick-and-mortar fragrance sales far outpaced the category’s performance in the net channel, comprising 70 percent...

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