Estée Lauder Knows How to Cut Costs Can It Also Rebuild Growth? BoF

Understandably, De La Faverie wanted to spend more time talking about the business’ plans for its future, sharing a sense of urgency for reform. Underpinning that appetite for change was a raft of new and extended measures to help rebuild sales and profitability. Previously announced job cuts have been increased in scope, with up to 7,000 jobs expected to be cut by the end of its 2026 fiscal year in June, up from the roughly 3,000 it announced in February 2024, partly due to the potential impact of any global tariffs. An executive reorganisation also announced on Tuesday created newer and more accountable roles created to head up the company’s portfolio of more than 20 brands.

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Meanwhile, climate change is making it harder to predict weather conditions and correlating demand. Temperature fluctuations from the average make it difficult for brands to sell through stock. While global temperatures for 2024 are higher than any other on record, summer 2024 was the coldest in almost a decade in some European regions. We create workspaces for today considering well-being, sustainability, collaboration and business performance – we constantly go beyond our clients expectations.

• But growth has soared in recent years, becoming a menswear cult favourite and reaching mainstream consumers via coveted collaborations with streetwear label Stüssy and Emporio Armani.
• Collaborate across the value chain, instilling a partnership mentality, working from a single source of truth (known as a “platform approach”) and connecting decision making across functions.
• To see the gains they crave, brands first have to make managing returns a bigger priority.
• The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals”, in consumer products, with exemptions for essential industrial uses, the EU’s environment chief told Reuters.

Late last year, The RealReal announced new stores in Houston and Miami, bringing its total number of stores to 15. Rebag, which has a similar business model to Fashionphile and four stores of its own, opened shop-in-shops inside five Bloomgindale’s locations in August. Last week, Rebag also partnered with Walmart to help expand the big box retailer’s offering of pre-owned luxury products via its online marketplace. Even peer-to-peer eBay-competitor Mercari ventured into brick and mortar with a storefront in Los Angeles. Consumers are increasingly purchasing fashion items across a variety of channels, making it difficult for brands to provide multiple options for size and colour across a growing number of touchpoints, especially if not operating a single stock pool.

Abercrombie & Fitch Deepens Retail Gloom With Tepid Forecast, Shares

Executive Editor Brian Baskin and Senior Correspondent Sheena Butler-Young speak with DTC correspondent Malique Morris about how the luxury marketplace has changed under its new owner, Coupang. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors. Some stores have burned to the ground in the upscale Pacific Palisades neighborhood being decimated by a still-growing wildfire. The company reported a long-awaited lift in net sales in its third quarter results, with increases from skincare leading the way, but clouds persist over its China recovery. The quarterly and annual budget performance analysis of the various performing sectors is shown in the budget implementation report.

The company forecasted lower-than-expected operating profit for 2025, citing slower sales growth and increased volatility due to US tariffs. The company appointed three new directors to its board, including Starboard Value CEO Jeffrey Smith, as part of an agreement to resolve a months-long dispute over the company’s performance in the skincare and beauty segment. McCartney, daughter of the Beatles’ Paul McCartney, launched her eponymous label in partnership with the Gucci Group, then a division of what is now Kering, in 2001.

Independent brands like Sporty & Rich and scrub-maker Figs got in on the action, too. A number of countries opted to let up-and-coming designers or niche fashion brands create looks for their athletes. Even away from Paris, brands like Pandora and J.Crew turned the sporting fervor into marketing moments. In 2024, luxury e-commerce’s shakedown thrust the model’s challenges — low margins, high operating costs, endemic discounting, undifferentiated product mixes — into the open.

LA-based fashion label Clare V. closed not only its store in the Brentwood Country Mart shopping centre, which is now within the Palisades Fire evacuation warning border, but all its shops across the city. Veronica Beard, which has a store in the Palisades Village mall that is now surrounded by destruction, has also closed its Melrose and Beverly Hills stores and donated to the Red Cross. Warehouses, e-commerce and corporate operations are also being halted by local businesses. Fashion brand Donni closed its warehouse and paused e-commerce shipments, while Dôen closed both its location in the Brentwood Country Mart and its corporate office. The Business of Fashion is a cutting-edge fashion media company conceived for today’s global hyper-connected world. Founded in 2007 by Imran Amed, BoF is known for its authoritative, agenda-setting point of view on the global fashion industry and is an indispensable resource for fashion executives, creatives, fashion students and entrepreneurs in over two hundred countries.

Canada’s export-driven https://openwatermovie.co.uk beauty startup scene is responding to the threat of tariffs with a newfound product patriotism. Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day’s most important beauty and wellness news and analysis. Coast is comfortable, affordable and has a range of features that will benefit employee well-being and productivity.

Understand and identify existing data handovers and potential translation issues between systems or teams. Endorse a mindset shift from a static (i.e. six- to nine-month lead) to dynamic buying approach that is always on and involves the whole business. Align on organisation-wide goals, establishing inventory KPIs such as carrying cost, turnover, tracking and sell-through with accountability that is shared across the business and endorsed by leadership. The root causes of stock-outs are more varied than ever and cut across functions, making them difficult to identify and address.

Offering a fantastic selection of surplus BOF furniture, including branded and reupholstered products from Humanscale, Orangebox and Vitra at best discounted prices. If you require any of the Eco Shop products reupholstered to match your interior colour schemes our in-house professional team can also transform the product, refreshing with minimum upcharges and backed by shortest lead times. He added that some of Archive’s brand partners want revenue from resale to account for as much as 20 percent of their overall sales. Fashionphile is not the only online resale player eyeing offline opportunities.