Sees – Beautifaire

11 Oct

LONDON – Despite Omicron, supply-chain woes, and Russia’s war in Ukraine, revenues at Selfridges‘ 4 U.K. stores jumped 29 percent to 843.7 million kilos within the fiscal 12 months ended Jan. 28, 2023, while pre-tax losses narrowed. Based on probably the most recent filings on Corporations House, the official registry of U.K. businesses, shoppers flooded back into Selfridges’ stores, particularly the flagship on Oxford Street in London and the unit at Royal Exchange, Manchester, once the Omicron strain of COVID-19 receded and lockdown restrictions eased. The uptick in sales helped contribute to the reduction in pre-tax losses to 37.9 million kilos from 121.5 million kilos within the previous period. Much of the corporate’s cost base is resulting from property, and Selfridges said...

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23 Aug

Kohl’s Sees Steep Q2 Declines But Reassures Wall Street

by Beautifaire101

Beauty, Featured

Kohl’s Corp., faced with softening consumer demand, saw steep declines in each the highest and bottom-lines in the course of the second quarter, but the outcomes fell in step with the retailer’s expectations. Net income for the period ended July 29 was $58 million, or $0.52 per diluted share. This compares to net income of $143 million, or $1.11 per diluted share within the prior 12 months. Operating income was $163 million in comparison with $266 million within the prior 12 months. As a percentage of total revenue, operating income was 4.2 percent, a decrease of 233 basis points year-over-year. Net sales decreased 4.8 percent to $3.7 billion, from $3.86 billion within the year-ago period. Comparable sales were down 5 percent. “I might think that in...

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30 Jun

Couture Designer Jisoo Baik Sees Clothes as Floating Architecture

by Beauty Tips

Fashion, Featured

When couture designer Jisoo Baik found herself seated between Jean-Paul Gaultier and Jeremy Scott at Björk’s orchestra concert, she was hit by the enormity of the moment. “I used to be overwhelmed and appreciative to her stylist [Edda Gudmundsdottir] because they're really open-minded to young designers,” said Paris-based Baik, who might be making her couture debut on Tuesday. “They really opened the brand to everyone who's interested by design.” Jisoo Baik Courtesy Only months prior, the Icelandic musician, then preparing for the discharge of her 2022 “Fossora” album, had made an instantaneous beeline toward a light-weight and delicate structure that appear to drift across the human form — certainly one of Baik’s designs, from her graduate collection on the Institut Français de la Mode,...

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29 May

Amazon Sees Further Growth in Prestige Market – WWD

by Beautifaire101

Beauty, Featured

While Amazon is well established within the prestige segment, the net giant sees an extra opportunity to grow. In the course of the WWD Beauty CEO Summit, Melis del Rey, Amazon general manager of U.S. stores, beauty, baby and sweetness technology, said the corporate is taking its Premium Beauty business to the subsequent level via brand partnerships. Del Rey also said the corporate has been increase the category to present customers a luxury experience through beauty technology. In a conversation with Jenny B. High quality, executive editor, beauty, of WWD and Beauty Inc, del Rey said with over 20 years of beauty experience, she is leading the charge to make Amazon Premium Beauty an industry leader and throughout the beauty tech domain....

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