The beauty retailer reported second-quarter sales of $2.0 billion on Wednesday, an increase of 60.2% from $1.2 billion in the prior-year period, progress which led the company to increase its annual financial guidance.
The former boss of Tommy Hilfiger, who took charge of the German fashion group in June, presented on August 4 his five-year strategy for Hugo and Boss, and spoke to FashionNetwork.com about his market vision.
Now 76% owned by Estée Lauder, the Deciem Beauty Group, proprietor of skincare brands The Ordinary and Niod, continues to expand in Europe. FashionNetwork.com has interviewed Nicola Kilner, CEO of the Deciem group.
Nordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending its shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl’s.
Listing on major stock markets is something of a trend for the fashion sector at present and the latest company set to launch an initial public offering is the Swiss shoemaker backed by tennis superstar Roger Federer.
The American beauty group's revenues exceeded expectations between April and June, benefitting from recovering cosmetics sales, but the company remains cautious in the face of the spread of the Delta variant.