Year – Page 5 – Beautifaire

11 Oct

Selfridges Sees 2022 Revenue Climb, Losses Narrow in Yr

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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10 Jun

For Its Fourth 12 months, Credo Beauty’s Accelerator Program

by Beautifaire101

Beauty, Featured

For Its Fourth 12 months, Credo Beauty’s Accelerator Program

Credo Beauty goes to school. For its fourth annual Credo for Change accelerator program, the retailer has partnered with the Fashion Institute of Technology for the primary time to supply students enrolled within the cosmetics and fragrance marketing program profession mentorship and networking access. “After we began Credo for Change, we were very focused on where the industry was underrepresented from a brand founder perspective,” said program manager Shibisha Johnson. “Now, as we begin to take into consideration not only who's on the shelf, but who's within the office, this [partnership] was the natural next place to go along with this work.” The 13-week program will kick off July 7, offering 12 Black, Indigenous, people of color students access to...

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27 May

Cannes Film Festival 2023 Was 12 months of Sheer

by Beauty Tips

Fashion, Featured

Cannes Film Festival 2023 Was 12 months of Sheer

Michael Buckner for Variety The 76th annual Cannes Film Festival isn’t only a scene for movies and moviemaking at large but for head-turning fashion moments as well. Amongst all of the trends that dominated the festival’s fashion this yr, sheer was a preferred one. Many attendees embraced see-through details with their dresses on the red carpet. Here, WWD takes a more in-depth have a look at the sheer-inspired looks which have appeared on the 2023 Cannes Film Festival. Pom Klementieff Pom Klementieff on the 2023 Cannes Film Festival. Michael Buckner for Variety Pom Klementieff brought bondage-themed details to sheer dressing in the beginning of the 2023 Cannes Film Festival on May 16, wearing a shimmering purple Versace gown. The ensemble incorporated luxe leather-like detailing...

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10 May

Olaplex Has Tough Quarter, but CEO Says It’s the

by Beautifaire101

Beauty, Featured

Olaplex Has Tough Quarter, but CEO Says It’s the

Olaplex Holdings saw sales fall across the board in its first quarter, but beat Wall Street forecasts. Nevertheless, its stock closed down greater than 7 percent at $3.70. The hair care brand specializing in bond constructing’s net sales got here in at $113.8 million in the primary quarter ended March 31, down 38.9 percent year-over-year. Analysts polled had forecast $110 million. Inside that, the skilled channel drew in $48.4 million, down 37.2 percent; specialty retail was $34.9 million, down 45.8 percent, and direct-to-consumer was $30.5 million, down 31.9 percent. Net sales decreased 60.3 percent within the U.S., while international sales were flat. Adjusted diluted EPS was 5 cents, as in comparison with 13 cents for the primary quarter of 2022. This got here in...

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