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WNBA’s Golden State Valkyries to host first fashion show

The Golden State Valkyries, part of the Women’s National Basketball Association (WNBA), will host its first-ever fashion show, presented by beauty omnichannel retailer Sephora, which became the team’s sponsor in April. In a statement, the WNBA team announced that the fashion show will celebrate the “intersection of basketball, fashion, and...

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Business

LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

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Business|Beauty

Sephora Canada becomes founding partner of new Toronto WNBA franchise

Beauty retail brand Sephora Canada has been named as a founding partner for Canada’s first Women's National Basketball Association (WNBA) team, the Toronto Tempo, which will join the league in 2026. As part of the multi-year partnership with the Toronto Tempo, Sephora Canada will have its logo adorned on the basketball players' jerseys, as well...

People|Beauty

Parsons Benefit to honour Sephora’s Artemis Patrick

Sephora North America president and chief executive officer Artemis Patrick will be honoured at the 76th annual Parsons Benefit taking place in New York on May 20. The Parsons Benefit is an annual celebration of the role fashion, design and the arts play in today’s world and honours what it calls “visionary figures” in fashion, business, design,...

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Business|Beauty

Sephora names 2025 Accelerate brands

Sephora North America has selected eight BIPOC (Black, Indigenous, and People of Colour) brands for its 2025 Accelerate programme, which is designed to nurture and propel emerging beauty brands. The 2025 edition marks a decade of Sephora championing emerging talent and continues to be a vital launchpad for BIPOC-founded and -owned businesses,...

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Retail|Interview

Sephora opens seventh UK store as demand continues to grow

Sephora, part of the LVMH Group, has opened its seventh bricks-and-mortar store in the UK at Bluewater shopping centre in Kent, as the beauty emporium continues its rollout across the country since its relaunch in 2022. The 4,593 square foot store, located on the ground floor of Bluewater, enhances the beauty offering at the shopping centre,...

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Kohl’s posts sales and earnings decline

Kohl’s third quarter net sales decreased 8.8 percent to 3.5 billion dollars and comparable sales decreased 9.3 percent. Gross margin was 39.1 percent, an increase of 20 basis points, operating income dropped to 98 million dollars and net income declined to 22 million dollars or 20 cents per diluted share. The company said in a release that Kohl’...

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LVMH selective retailing head to retire

Christopher de Lapuente is believed to be retiring from his position as CEO and chairman of Selective Retailing at the luxury group LVMH. According to an internal memo seen by WWD, de Lapuente is scheduled to step down on October 31, after which he will also no longer be a member of LVMH’s executive committee. It brings to an end an almost 20...

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Business|Beauty

Sephora UK appoints DHL to manage its supply chain network

Beauty retail brand Sephora UK has appointed DHL Supply Chain as its lead logistics provider for the next five years and unveiled a new omni-channel distribution centre to support its retail growth strategy in the UK. Through this partnership, DHL will be responsible for warehousing, e-commerce fulfilment and Sephora’s UK transport network to...

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Slump in luxury spending slows LVMH sales growth

LVMH Moët Hennessy Louis Vuitton recorded revenue of 41.7 billion euros in the first half of 2024, achieving organic growth of 2 percent but down 1 percent reported. In the second quarter, organic revenue growth was 1 percent. The luxury conglomerate said in a statement that the growth continued over the first half period despite a geopolitical...

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LVMH posts Q1 organic revenue growth of 3 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...

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People

Sephora names Xia Ding as managing director of Greater China

Beauty retailer Sephora has appointed Xia Ding as the managing director of Greater China. Based in Shanghai, Ding will directly report to Asia president, Alia Gogi. Prior to Sephora, she spent five years as vice president & general manager of e-commerce Asia Pacific and Latin America at Nike. Commenting on Ding’s appointment, Gogi said in a...