Upmarket beauty retailer Space NK enjoyed strong trading in the year to 25 March 2017, with turnover rising 11.4% to £96.4 million as a result of continued consumer interest in luxury skincare, beauty and fragrance.
Counter Brands LLC has announced that Mousse Partners Ltd, a single-family venture-capital office, has made a strategic investment in the clean beauty company. Capital will go towards developing strategic initiatives.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
The importance of Selfridges as a shopping destination, and London as a focus for global shoppers, has been underlined as Decorté says it will debut key products through the store before its core Asian market.
A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.
According to a market research by Thuiswinkel, Dutch consumers spent €15.7 billion in the first nine months of 2017, with beauty and apparel on the up. Total online sales are expected to reach €22.7 billion for 2017.
Debenhams was forced to make more markdowns than planned for Christmas and this will dent its profits. But the retail giant also hailed beauty strength and rising fashion share, despite an overall market decline.
Accessory retailer Claire's has denied claims that its products contain tremolite asbestos, after an investigation alleged that the carcinogenic minerals were found in 17 makeup kits sold across nine states.