Beauty Retail Playbook: The best way to Launch at Retail

2 Jul

Finding success at retail and keeping a coveted spot on a premium shelf is a journey of its own. Notably, for the reason that pandemic, the frequency of brands coming to market and launching in-store has escalated enormously, especially with hair care, Black, Indigenous and other people of color-owned brands, and clean beauty brands picking up momentum. Latest categories have also popped up, because of the evolving consumer journey that features social media usage and the consumption of more content that pertains to specific needs like textured hair and clean beauty. Sexual wellness and menopause are also now not taboo — a conversation that has led to more products from the categories showing up on shelves. The rise actually speaks to...

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27 Jun

Retail 2023 Halftime Report

by Beautifaire101

Beauty, Featured

On the halfway point of 2023, the retail industry has tackled rapidly changing consumer demands, store closures and bankruptcies and inflationary price trends — the economic headwinds have hit hard, leaving executives with a lack of control. In the newest WWD-hosted webinar, Ethan Chernofsky, senior vice chairman of promoting at Placer.ai, joined Arthur Zaczkiewicz, executive editor of strategic content development at WWD, to see where retail sits on the half-year mark and discuss what retail will seem like within the second half of 2023. Chernofsky addressed retail’s first-half challenges, acknowledging that retailers and types are still very much coping with the impact of several macroeconomic headwinds. Concurrently, consumer behavior shifts are happening which has created a trading down effect with increasing mission-driven...

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10 Jun

Obituary: David C. Farrell, Retail Giant, Fierce Competitor

by Beauty Tips

Fashion, Featured

Obituary: David C. Farrell, Retail Giant, Fierce Competitor

David C. Farrell, an enormous within the retail industry who led the previous May Department Stores Co. through years of profitability and growth, died June 5 in St. Louis. He was 89. Farrell served as May Co.’s chairman and chief executive officer for 19 years until retiring in April 1998. He’s credited with shaping the fashionable day department store, pioneering matrix buying that requires vendors to satisfy strict sales and profit targets, thereby narrowing the list of vendors that make it into the stores, and running highly productive and tightly managed malls. He was on the forefront of huge brand marketing, acquisitions, consolidations and aggressive cost management. He also did well by stockholders, who saw their shares rise significantly during his...

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30 May

A Recent ‘Distress Cycle’ in Retail Seen Dawning

by Beauty Tips

Fashion, Featured

Where the COVID-19 pandemic flooded in and quickly swept away the vulnerable retailers — from J.C. Penney and J. Crew to Brooks Brothers and Neiman Marcus — the sector has been standing up higher to the pressures within the economy today. But a bout of inflation not seen in a generation, an enormous run-up in rates of interest and continuing worries over recession are going to prove to be an excessive amount of for some. Already, David’s Bridal succumbed to bankruptcy and, outside of fashion, Bed, Bath & Beyond is liquidating. Retail is on edge and with good reason. To get a way of what comes next, WWD spoke to Richard Klein, senior managing director of Hilco Corporate Finance, experts in restructuring. This conversation...

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