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16 Dec

Prestige Fragrance Sales Grow 4 Percent Because of Holiday

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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8 Dec

Rent the Runway Regains Some Momentum With Sales, EBITDA Gains

Rent the Runway Regains Some Momentum With Sales, EBITDA Gains
Rent the Runway Inc. got just a little little bit of its groove back.  The rental pioneer — which saw a summer slowdown and laid off 24 percent of its corporate employees in September — on Wednesday posted third-quarter gains and boosted its outlook for the 12 months. Net losses for the quarter narrowed to $36.1 million from $87.8 million a 12 months ago, with probably the most recent period including $5.8 million in restructuring charges. Adjusted earnings before interest, taxes, depreciation and amortization tallied $6.6 million, up from losses of $5.6 million on the identical basis a 12 months ago.  Revenues for the three months ended Oct. 31 increased 31.2 percent to $77.4 million from $59 million. Rent the Runway’s energetic subscriber count rose...
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18 Nov

Young Nails Live: 11-03-2022 | We Talk Nails and

Young Nails Live: 11-03-2022 | We Talk Nails and
You may rewatch our live stream here, and catch what you missed after we were live!! You may join our texting community by clicking here: https://bit.ly/YNTwitch For more of our live streams follow us on Twitch here: https://bit.ly/YNTwitch SUBSCRIBE: https://www.youtube.com/youngnailsinc?sub_confirmation=1 Follow us online here: Instagram: @youngnailsinc Facebook: @youngnailsinc TikTok: @youngnailsinc Twitch: @youngnailsinc Discord: https://bit.ly/YNDiscord Twitter: @youngnailsinc Snapchat: @youngnailsinc Website: https://www.youngnails.com Podcast: https://www.youngnails.com/podcast Text Us!: 714-274-7323 _ “How do two brothers get into the nail care business?” That is the only most typical query people ask us. There’s a protracted and rocky version but we’ll provide you with the short one. We've got our fearless and unconventional mother, Young Salo, to thank. With a single-minded entrepreneurial spirit, she decided to start out her own business on the age of 49. She had a...
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15 Nov

Beauty Sales Surge 15 Percent in Q3 Across Makeup,

Beauty Sales Surge 15 Percent in Q3 Across Makeup,
Prestige beauty sales proceed to rise, whilst the specter of a possible global recession looms. In keeping with data from The NPD Group, prestige beauty sales within the U.S. grew to $6 billion within the third quarter, a 15 percent increase versus 2021’s third quarter. “Unit sales and revenue are each growing by double digits for beauty products sold within the prestige market, indicating that customers are indulging in beauty products this yr,” said Larissa Jensen, beauty industry adviser, The NPD Group, in an announcement. NPD reports that makeup sales officially surpassed pre-pandemic 2019 levels through the third quarter, posting $2.1 billion in total sales, with lip makeup ruling because the fastest-growing segment for the quarter, growing 32 percent. Despite having...
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