As Arcadia looks at store closures in its key UK market, the company is also planning to close a raft of stores abroad, setting the seal on the failure of its once-ambitious global expansion plan, according to reports.
Woolworths Holdings has launched a limited edition makeup line in collaboration with Beyonce’s makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration.
UK retail failed to recover from the weak sales of a year ago during March and fashion was among those not bouncing back sufficiently. But online boomed as gifting continued to switch to digital channels.
The beauty retailer has announced the appointment of Mary Beth Edwards as group VP for global sourcing, as well as the promotion of Heather Plutino, current group VP of finance, to the company’s senior leadership team.
The American owner of the UK’s Boots health & beauty chain said the company needs to close stores and cut more costs after the “most difficult” quarter it has seen in its five-year history as a mutinational group.
Manchester-based The Hut Group has increased its bank borrowing to $1bn (about £766m) and welcomed Shanghai Pudong Development Bank as an investor to support “major investments in beauty, technology and infrastructure”.