Ulta Beauty Surpasses Estimates in Q2, Raises Full 12

25 Aug

Ulta has raised its full-year outlook on the back of better-than-expected second-quarter results as consumers proceed to open their wallets at the wonder counter despite an uncertain economic backdrop. Net sales increased 16.8 percent year-over-year to $2.3 billion within the second quarter of the fiscal yr, in comparison with $2 billion in the identical period a yr earlier attributable to the “favorable impact from the continued resilience of the wonder category, the impact of recent brands and product innovation, and the easing of COVID-19 restrictions,” the corporate said. Analysts had forecasted sales of around $2.2 billion, in line with a Factset poll. All major categories exceeded Ulta’s expectations, and the retailer increased market share in prestige beauty versus last yr. In comparison...

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25 Aug

Forget the Lipstick Effect, It’s the Fragrance Effect at

by Beautifaire101

Beauty

First there was the lipstick effect. Now Coty Inc.’s chief executive officer Sue Nabi is all in regards to the fragrance effect. Despite recession fears and sky-high inflation, Coty’s prestige fragrances have been flying off the shelves, with particularly strong performances from Hugo Boss, Burberry, Chloé, Calvin Klein and Gucci Beauty, which delivered 20 percent growth within the fourth quarter and helped the general prestige sector to grow of 16 per cent year-over-year, to $662.8 million. “Fragrances speak to everyone – regardless of the age, regardless of the gender ,and what we've got seen, which is the truth of the info and statistics, is that this beauty market is lifted by the fragrance consumption and this isn't female or male. It’s each...

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25 Aug

Victoria Beckham Taps Birchbox Cofounder as Beauty CEO –

by Beautifaire101

Beauty

Victoria Beckham has made no secret of supercharging her beauty business, and now, she’s shaken up her C-suite to do it. The brand appointed Katia Beauchamp, previously the cofounder and chief executive offcer of Birchbox, to be CEO of Victoria Beckham Beauty. The corporate said its previous CEO, Sarah Creal, left the brand within the spring of this yr. Creal confirmed her departure to WWD, though neither party elaborated further. Nance Hastings also joins Victoria Beckham Beauty as president from Alpyn Beauty, where she held the identical title. Prior to that, she spent greater than 25 years on the Estée Lauder Cos. “Katia and Nance’s expertise, vision and experience are, no doubt, going to be invaluable in helping me grow, shape and proceed on...

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25 Aug

WWD Launches WWD Store

by Beautifaire101

Fashion

As it continues to expand its operations, WWD has introduced the WWD Store offering reprints of photos from the Fairchild Archive as well as, in the near future, WWD-branded apparel. “This launch comes at a truly exciting time for WWD and for Fairchild,” said Amanda Smith, president of Fairchild Media Group, which also publishes WWD Beauty Inc, Footwear News and Sourcing Journal. “Not only is the WWD Store a natural extension of the 110-year-plus Fairchild legacy, but it’s a testament to how the brand continues to build its equity and grow in new ways and on new platforms to connect to the industry and the consumer we serve. There is so much more to come.” The WWD Store initially offers reprints of...

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