THE WHAT? Target has reported a 23 percent Q1 sales leap, with consumers beginning to return to stores as the U.S. vaccination drive continues. THE DETAILS Shares in the mass retailer rose 4 percent following its prediction of growth in the last two quarters of the year, which clashed with the Wall Street forecast of a sales…
THE WHAT? Sephora Canada has cemented its commitment to dedicate 25 percent of its brand offerings to BIPOC-owned brands by 2026, a move which comes as part of The Fifteen Percent Pledge, which began in the U.S. last year. THE DETAILS The new milestone has been driven by the insight that 22.3 percent of Canadians identify as…
THE WHAT? Amorepacific is set to close approximately 170 more Innisfree stores by 2021 end, according to a report by Jing Daily. THE DETAILS The move follows the removal of the Innisfree brand from the U.S. market and highlights the struggle for Korean brands to win over Chinese consumers due to the ongoing THAAD tensions. THE WHY? The shuttering…
THE WHAT? Sally Beauty Holdings has announced the appointment of Ellery Fisher as Group Vice President of E-Commerce and Digital. THE DETAILS Fisher will lead the Sally Beauty and Cosmo Prof e-commerce and digital product teams, joining the company from his position as Vice President of E-commerce and Financial Services for H-E-B. The digital expert previously held…
THE WHAT? ASOS is said to be among the interested parties in Cult Beauty and Feelunique as it looks to expand and diversify beyond fashion, according to Sky News. THE DETAILS The two personal care and beauty websites have recently been put up for sale, with City sources stating that the online retailer’s bid is uncertain, and…
THE WHAT? Walmart has raised its full year guidance after U.S. like-for-like sales in the February – April quarter rose 6 percent year on year, with U.S. government stimulus checks and a return to greater normality boosting spending. THE DETAILS Global revenue rose 2.7 percent to $138.3 million in the three months ending April 30, which included…
