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1 Jul

Beauty’s Inventory Shrink Conundrum – WWD

by Beautifaire101
Beauty, Featured
Personal care and sweetness products under lock and key? That's becoming increasingly common place in mass merchandisers and specialty beauty retailers across the country, with on a regular basis items like body wash, shampoo and toothpaste safeguarded securely behind locked plexiglass windows in lots of stores and the likes of Ulta Beauty preparing to lock fragrance in cabinets in 70 percent of stores by the top of the 12 months. That’s because some retailers are reporting that inventory shrink — the difference between a balance-sheet inventory and actual stock that is commonly blamed on organized retail crime — is putting increased pressure on operating margins, with beauty being one of the affected categories, along with electronics, video games, smart phone accessories, and...
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17 May

Goal Tops Profit Estimates, Projects $500M Shrink Hit This Yr

by Beauty Tips
Fashion, Featured
Goal Corp. topped first quarter estimates, but warned shrink would take a $500 million bite out of its annual earnings.  Still the discounter maintained its full-year guidance and is attempting to keep agile a tricky yr for consumer-oriented corporations.  Brian Cornell, chair and chief executive officer, said: “We got here into the yr clear-eyed in regards to the challenges consumers are facing, and we were determined to construct on the trust we’ve established with our guests. It’s required agility and the power to flex across our multi-category portfolio as we lean into value and the product categories our guests need most right away. Due to the team’s dedication, we saw a rise in guest traffic in Q1, with total sales increasing and...
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1 Jan

Victoria Beckham Brand Sales Climb, and Losses Shrink, in

by Beauty Tips
Fashion, Featured
LONDON – Revenues are climbing, and losses are shrinking, at Victoria Beckham Holding Limited, in response to 2021 filings set to be published on Firms House, the official register of U.K. businesses. Within the 12 months ended Dec. 31, 2021, Victoria Beckham Holding Limited, which is owned by Beckham, her husband David, and the private equity investor NEO, saw revenues jump by 13 percent to 40.9 million kilos. EBITDA losses greater than halved to 2 million kilos compared with the previous 12 months, while operating losses fell to three.9 million kilos from 6.8 million kilos. The corporate attributed the 2021 performance to its decision to consolidate and reposition the style collection, and to “accelerated growth” in the wonder business. The filing didn't break...
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