L'Oréal announced on Monday that it predicts a year-over-year decrease of around 5% in its first-quarter sales due to the ongoing Covid-19 pandemic. The company also withdrew its annual financial guidance.
The first week of home isolation and closing stores in the UK saw mixed results for e-tail, which slowed by 2.2% year-on-year, even though week-on-week sales accelerated due to stockpiling. But fashion saw a huge plunge.
The coronavirus pandemic is dominating most consumers’ and businesses’ thinking at the moment, but companies and market analysts are still looking to a post-coronavirus world in which other subjects come to the fore.
The beauty retailer announced solid growth in its fourth-quarter and full-year 2019 sales and earnings on Thursday and provided an update on the measures it is taking in its stores to deal with the coronavirus pandemic.
In 2019, the French prestige beauty market slumped again, though the trend was improved by a stronger performance towards the end of the year. Due to the coronavirus epidemic, the outlook for 2020 is uncertain.
As Covid-19 continues to cause disruption around the world, the maker of YouCam Makeup is offering beauty brands a complimentary AR live training service so they can train their employees from a distance.
Making its debut on Monday, the Dazed Beauty Space is a 150 sq mt playground created by set designer Thomas Petherick. The experiential pop-up will host a programme of events including make-up tutorials and workshops.
As more and more people travel by train, retail at railway stations is growing and this week, the UK's Network Rail said that it has seen a 4.48% growth in sales at Britain's biggest and busiest stations.