The American cosmetics retailer announced a 32.7% decrease in Q1 sales on Thursday, leading the company to topple into loss as disruptions related to the ongoing Covid-19 pandemic took their toll on its operations.
The lockdown may be easing, but the coronavirus continues to negatively impact many product sectors in the UK. Yet some sectors are already seeing a recovery of sorts with searches for certain products back on the rise.
Private-equity controlled German perfume retailer Douglas said on Wednesday it hopes to be able to make it through the coronavirus pandemic without state aid, even though it expects an ongoing hit to sales.
As part of Coty's strategy to grow the brand's global influence and in honor of the brand's one-year anniversary, Kylie Skin will roll out in full distribution to over 2,000 doors in 25 countries with the Douglas Group.
Nuxe is planning to take shoppers on a journey with the sunny olfactory notes of its Huile Prodigieuse, which this year is presented in three collectible bottles created by the students of the Penninghen school in Paris.
As the beauty retailer promises to take a measured approach to reopening its physical stores in the U.S., it is also looking East to make up lost revenue, complementing its retail fleet in China with a new Tmall store.
Having recently said goodbye to founder and former CEO Leslie Wexner, the Columbus, Ohio-based owner of Victoria’s Secret and Bath & Body Works reported a 37.1% decline in revenues for the first quarter on Wednesday.