The weather may not have been great last week and non-essential shops may have stayed closed, but footfall to retail destinations continued to rise, having done so steadily in recent weeks.
The Weston family may need to pump some money into its European department stores business that includes Selfridges, Brown Thomas, Arnotts, and De Bijenkorf.
L'Oreal, the world's biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a "roaring 20s" when people get dressed up and go out again to socialise.
Milton Keynes can breath a sigh of relief. Any doubts that Harrods may pull out of plans to open a beauty store in the Buckinghamshire town, or further delay its arrival due to the Covid pandemic, are unfounded.
Retailers had been expecting a steady shift towards online shopping for some time, but the impact of the pandemic changed retail fast and the UK saw the equivalent of five years of e-tail sales growth in only a year.
Forget the lingerie, diamonds chocolates and flowers. Most women want cosmetic products for Valentine’s Day. New data from Bazaarvoice’s Influenster shows as many as 70% of women would prefer to receive beauty products.
Joanna Rogers will be the new vice-president for beauty at Zalando from March 1. She joins the German e-tailer from Wallgreens Boots Alliance, where she was in charge of the beauty category in the UK.
L’Oreal, the world’s biggest cosmetics group, posted higher-than-expected revenue growth for the fourth quarter on Thursday, lifted by surging sales in China and supported by its online business.
Physical shops may be closed, but 52% of UK retailers are offering products specifically for Valentine’s Day. And 41% are expecting the event to give them a sales boost with average expectations of a 26% increase.
Consumers may have shifted their non-essentials spend online at a fast pace during lockdown, but the web channel hasn't been able to fill all of the gap caused by the closure of physical shops.
The owner of London’s Westfield shopping centres said on Wednesday it would massively trim down its US presence and complete a remaining €3.2 billion-worth of European asset disposals before the end of 2022.
After announcing the closure of 500 stores in Europe, and 600 redundancies in Spain, the beauty retailer has merged its Italian, Spanish and Portuguese subsidiaries, now all led by Italy’s former country manager.
Diesel and Maison Margiela owner OTB saw sales and profits being dented by the pandemic last year, a disappointing result after it had returned to profit in 2019.
There can be few retail upsides to lockdown but one has emerged: local independent businesses saw an upswing in shopper demand last year. More specifically, clothing stores and beauty salons both ranked in the top 10.
Retailers face a returns deluge when physical shops reopen with new research showing that shoppers in Britain are sitting on a potential £2.4 billion worth of unreturned goods bought online.
