Nordstrom family and El Puerto de Liverpool make takeover bid
Nordstrom has received an offer from the Nordstrom family and El Puerto de Liverpool to take the US-based department store operator private.
H&M Beauty to open first flagship stores
H&M is to open its first H&M Beauty flagship stores in Sweden this fall.
The latest Retail & Tech newsletter out today – No 190
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Douglas Group launches campaign for own brand collection
Douglas Group has launched its first campaign for its corporate brand Douglas Collection (Nocibé Collection in France).
Kohl’s net sales fall in Q2, Sephora shop-in-shops perform strongly
Kohl’s has reported net sales fell 4.2% year-over-year to $3.5bn in the second quarter of 2024.
Walmart launches premium beauty on its marketplace
Walmart is to launch a Premium Beauty category on its e-commerce platform Walmart Marketplace.
The latest Retail & Tech newsletter out today – No 189
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Macy’s net sales down 3.8% in Q2, lowers guidance
Macy’s has reported net sales fell 3.8% to $4.9bn in the second quarter of 2024.
Sephora to cut jobs in China
Beauty retailer Sephora (LVMH) is to cut jobs in China amid a slowdown in the country, according to Reuters.
Walmart said to have sold stake in JD.com
US-based retailer Walmart is said to have sold its stake in Chinese e-commerce player JD.com.
Trinny London to open first store
UK-based beauty brand Trinny London is to open its first store, located on King's Road in London, UK.
LUXASIA wins Deloitte’s Best Managed Companies Award for fourth time
LUXASIA wins Deloitte’s Best Managed Companies Award for fourth time
Douglas Q3 sales up 7.3%, raises full-year guidance
German beauty retailer Douglas Group reported a 7.3% increase in sales
Douglas names new CEO for Netherlands & Belgium
German beauty retailer Douglas said that Willem Duthler, CEO of the company’s business
HBC to cut jobs as it establishes Saks Global
Hudson's Bay Company is to cut jobs as it groups Saks Fifth Avenue and Saks OFF 5TH alongside Neiman Marcus Group's banners in a new entity called Saks Global.
Lush opens fragrance concept store in London
Lush has opened what it calls a Perfume Library on Beak Street in Soho, London.
Boots launches Prada Beauty and Made by Mitchell
Boots has added two new brands to its assortment, Prada Beauty and Made by Mitchell.
The latest Retail & Tech newsletter out today – No 188
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Saudi Arabia Investment Fund offers to raise its stake in Selfridges
Saudi Arabia’s Public Investment Fund (PIF) has made an offer that would raise its stake in UK department store Selfridges to 50%, according to Bloomberg News.
Kao to open first flagship store for Kate brand in Tokyo
Kao Corporation is to open its first global flagship store for make-up brand Kate in Tokyo, Japan.
The Body Shop enters exclusivity agreement for buyout
The administrators of The Body Shop, FRP Advisory, has entered into an exclusivity agreement with a consortium led by investment company Auréa.
Douglas Group raises sales forecast, sells online pharmacy business
Douglas Group has raised its net sales growth forecast for the current financial year 2023/24 from around 7% to around 8.5%.
The latest Retail & Tech newsletter out today – No 187
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Innovative Beauty Group partners with Family Dollar to launch haircare line
Innovative Beauty Group’s (IBG) brand incubator has partnered with Family Dollar to launch a haircare line called Crown Hair Society.
Macy’s ends buyout talks with Arkhouse and Brigade
Macy’s has terminated discussions with investment companies Arkhouse Management and Brigade Capital Management about a potential buyout.
Sephora to open new store in UK
Sephora UK is to open a new store in Birmingham at the Bullring shopping center, continuing its retail expansion in the country.
Augustinus Bader to open pop-up in Paris
Skincare brand Augustinus Bader is to open a pop-up in Paris in September in collaboration with artist Harry Nuriev.
The latest Retail & Tech newsletter out today – No 186
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Superdrug sales up 11.8% in 2023
Superdrug has reported sales rose by 11.8% to £1.52bn for the year 2023 (vs £1.36bn in 2022).
Arkhouse and Brigade up offer to acquire Macy’s
Arkhouse Management and Brigade Capital Management are said to have upped their bid to buy Macy's for around $6.9bn.