Elf to close its retail stores as sales, profits fall in fourth quarter, cfo leaves

For 2018, Elf’s net sales decreased 1% to $267m

US-based Elf is to close its 22 retail stores to focus on national retailers and digital. The Elf stores contributed to 5% of net sales in 2018.

The company expects to incur one-time charges of $23m to $25m related to...

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