Ulta Beauty Raises 2026 Guidance as Sales Rise 8.9%
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
leadership
Luxury
Chloé Hires New CEO
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Chloé Hires New CEO
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Luxury
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
Luxury
Chanel’s Three Pillars for the Future
At The Business of Fashion’s VOICES 2023 gathering, Chanel’s global CEO Leena Nair outlined to BoF founder Imran Amed the vision she’s crafted during her first two years leading the iconic brand.
Chanel’s Three Pillars for the Future
At The Business of Fashion’s VOICES 2023 gathering, Chanel’s global CEO Leena Nair outlined to BoF founder Imran Amed the vision she’s crafted during her first two years leading the iconic brand.
Workplace & Talent
At Lululemon, Being Black Is ‘Off-Brand’
Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then.
At Lululemon, Being Black Is ‘Off-Brand’
Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then.
Retail
Gap Surpasses Expectations in Early Win for New CEO Dickson
Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that chief executive officer Richard Dickson is having early success in improving the company’s performance.
Gap Surpasses Expectations in Early Win for New CEO Dickson
Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that chief executive officer Richard Dickson is having early success in improving the company’s performance.
Beauty
The BeautyHealth Company Announces a Leadership Shakeup
President and chief executive Andrew Stanleick will be leaving the business and relinquishing his seat on the company’s board.
The BeautyHealth Company Announces a Leadership Shakeup
President and chief executive Andrew Stanleick will be leaving the business and relinquishing his seat on the company’s board.
Retail
Nike Hires Amazon Fashion Executive as New Tech Chief
The activewear giant has recruited Muge Erdirik Dogan, most recently president of Amazon Fashion.
Nike Hires Amazon Fashion Executive as New Tech Chief
The activewear giant has recruited Muge Erdirik Dogan, most recently president of Amazon Fashion.
Workplace & Talent
The Next Generation of Fashion Talent and the Workplace
To discover how to meet the needs and expectations of Gen-Z as they enter the workforce, BoF hosted a panel with industry experts Rhianna Cohen, creative director at Mørning, Pavel Dler, founder and CEO at Culted, and Erifili Gounari, founder of The Z Link.
The Next Generation of Fashion Talent and the Workplace
To discover how to meet the needs and expectations of Gen-Z as they enter the workforce, BoF hosted a panel with industry experts Rhianna Cohen, creative director at Mørning, Pavel Dler, founder and CEO at Culted, and Erifili Gounari, founder of The Z Link.
Workplace & Talent
Why Luxury Brands Are Poaching Store Employees from Mass Retail
As high-end brands increasingly venture outside the tony streets of cities like Los Angeles and New York, their recruiting tactics, too, are taking a new direction.
Why Luxury Brands Are Poaching Store Employees from Mass Retail
As high-end brands increasingly venture outside the tony streets of cities like Los Angeles and New York, their recruiting tactics, too, are taking a new direction.
Marketing
The Evolution of the CMO
Once limited to advertising, today’s top marketers are held up as creative visionaries and data-driven decision makers responsible for a brand’s growth. No wonder so many are taking the top job for themselves.
The Evolution of the CMO
Once limited to advertising, today’s top marketers are held up as creative visionaries and data-driven decision makers responsible for a brand’s growth. No wonder so many are taking the top job for themselves.
Leadership
Abercrombie and Ex-CEO Sued Over Sex-Trafficking Accusations
A group of once-aspiring Abercrombie & Fitch models on Friday sued the retailer and its former chief executive officer, Michael Jeffries, alleging the company had benefited from a sex trafficking operation led by Jeffries.
Abercrombie and Ex-CEO Sued Over Sex-Trafficking Accusations
A group of once-aspiring Abercrombie & Fitch models on Friday sued the retailer and its former chief executive officer, Michael Jeffries, alleging the company had benefited from a sex trafficking operation led by Jeffries.
Luxury
Why Some Luxury Groups Are Doing Better Than Others
The slowdown in demand for high-end brands is hitting the sector unevenly, as seen in the polarised third-quarter results released this week by Hermès, Kering and others.
Why Some Luxury Groups Are Doing Better Than Others
The slowdown in demand for high-end brands is hitting the sector unevenly, as seen in the polarised third-quarter results released this week by Hermès, Kering and others.
The News in Brief
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
Inditex’s Primark Competitor Lefties Lands in the UK
The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.
David Pemsel to Step Down as British Fashion Council Chairman
The UK fashion trade body has yet to name a successor.
Samsung Ordered to Pay Swatch $11.6 Million Over Copied Smartwatch Apps
The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.
Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.