Alibaba launches 2020 Spring Thunder Initiative to support SMEs amid COVID-19
Alibaba Group chairman and ceo Daniel Zhang has launched the 2020 Spring Thunder Initiative aimed at supporting...April 8, 2020
Singapore retail to receive rental rebate amid COVID-19
Singapore-based real estate operating company City Developments Limited has said it will give rental relief and support...April 8, 2020
VivaTech postponed to spring 2021
Paris-based international technology fair Viva Technology has postponed its fifth edition to May/June 2021 due to the...April 8, 2020
UK prestige nail product online sales grow 24% in lockdown
Online sales of nail products grew in the double digits in the UK’s first weeks of COVID-19-related...April 8, 2020
Estée Lauder Companies draws $1.3bn on revolving credit amid COVID-19
Estée Lauder Companies (ELC) borrowed $1.3bn under its $1.5bn revolving credit facility on Tuesday to “enhance financial...April 8, 2020
Macy’s chief financial officer to leave company
US-based department store Macy’s’ executive vice president and chief financial officer Paula Price will leave the company,...April 8, 2020
Frankfurt Airport suspends operations in Terminal 2
Frankfurt Airport has suspended operations at its Terminal 2. The airport has bundled all its passenger handling...April 7, 2020
Online prestige beauty sales in the US grow 47% amid COVID-19
Online prestige beauty sales in the US grew 47% in week ending March 28, compared with the...April 7, 2020
BW Confidential’s latest issue of Beauty Insight out today
BW Confidential’s latest Beauty Insight is out today. Inside this issue: E-commerce in a pandemic: An insight...April 7, 2020
Salvatore Ferragamo sales down 30.6% in first quarter 2020
Italian luxury group Salvatore Ferragamo’s sales fell 30.6% to €220m in the first quarter of 2020 compared...April 7, 2020
The BW Confidential COVID-19 World Tracker
LAST UPDATED – April 7, 2020 BW Confidential has put together the COVID-19 World Tracker in a...April 7, 2020
Debenhams files for administration amid COVID-19 store closures
UK-based retailer Debenhams filed a Notice of Intent (NOI) to appoint an administrator, following store closures as...April 6, 2020
Kao USA launches eco-friendly MyKirei personal care line
Kao USA is set to launch its eco-friendly personal care line MyKirei, consisting of hand wash, shampoo...April 6, 2020
Singapore Changi Airport to close Terminal 2 for 18 months
Singapore’s Changi Airport Group (CAG) will suspend operations at Terminal 2 for 18 months and relocate airlines...April 6, 2020
Douglas to pay 80% of salaries for furloughed employees during COVID-19
German retailer Douglas will pay its part-time store employees and headquarter staff who have been furloughed 80%...April 6, 2020
Superdrug launches same-day delivery service amid COVID-19
UK-based retailer Superdrug launched its same-day courier service called “Store to Door” for online orders amid the...April 6, 2020
Pinduoduo raises $1.1bn in private funding
Shanghai-based e-commerce platform Pinduoduo raised $1.1bn in a private funding round. The investors were granted some 2.8%...April 6, 2020
Neiman Marcus furthers bankruptcy preparation
US-based retailer Neiman Marcus has stepped up preparations to seek bankruptcy protection, according to a report by...April 6, 2020
Amazon postpones Prime Day due to COVID-19
Amazon is postponing its shopping event Prime Day until at least August due to COVID-19, according to...April 6, 2020
Interparfums withdraws 2020 guidance
France-based Interparfums has withdrawn its 2020 guidance due to the current lack of visibility caused by the...April 6, 2020
US beauty and personal care to see steepest sales decline in 60 years
The US cosmetics and toiletries market is set to see the sharpest decline ever recorded in the...April 6, 2020
Space NK closes Chinese stores
UK-based beauty retailer Space NK has begun closing its stores in China. The retailer says the closures...April 3, 2020
Watch This Week in Beauty March 30-April 3, 2020
This Week in Beauty Video – A highlight of the week’s key news in just under...April 3, 2020
Lush Europe suspends online orders, US stores cut staff
Lush has suspended online orders for its UK and other European sites amid the COVID-19 outbreak. The...April 3, 2020
Ulta Beauty to suspend new hires, reduce store openings amid COVID-19
US-based beauty retailer Ulta Beauty will reduce expense plans, suspend new hires and defer pay increases for...April 3, 2020
Shilla Duty Free Jeju Downtown Store closes for 10 days in April
The Shilla Duty Free’s Jeju downtown store has closed for a total of 10 days in April,...April 3, 2020
Walgreens Boots Alliances sales grow 3.7% in second quarter fiscal 2020
Walgreens Boots Alliance (WBA) reported sales growth of 3.7% year-over-year to $35.8bn for its fiscal 2020 second-quarter...April 2, 2020
Revlon furloughs employees
US-based Revlon will furlough some employees and put some workers in the US and globally on a...April 2, 2020
Half of Chinese consumers optimistic about economic recovery
Some 50% of Chinese consumers say they are optimistic that the economy may recover two to three...April 2, 2020
Galeria Karstadt Kaufhof applies for creditor protection due to COVID-19 impact
German department store Galeria Karstadt Kaufhof has applied for creditor protection due to the COVID-19 outbreak. The...April 2, 2020