The cosmetics retailer reported a 12% increase in net sales for the second quarter ended August 3, 2019, on Thursday, but revised down its full-year guidance, citing headwinds in the US cosmetics market.
The onward march of brow and lash-enhancing services was further illustrated on Thursday with news that Blink Brow Bar has opened a store/salon on one of the UK’s most affluent shopping streets, London’s King’s Road.
According to a new report, the global organic personal care ingredients market size is on track to reach US$11.1 billion by the year 2025, representing a 5.4 percent compound annual growth rate from 2019 to 2025.
Following the announcement earlier this month that the cosmetics company would be exploring its options, Revlon is reportedly planning to approach potential bidders after the Labor Day holiday in September.
Xavier Vey, with L'Oréal since 1998, is the new head of L'Oréal Luxe in western Europe. He has been replaced as head of L'Oréal Luxe in the USA by Megan Grant, formerly in charge of cosmetics brand Kiehl's.
Digital native Gen Z consumers still love shopping in physical shops and that has big implications for the beauty sector as these consumers spend more of their spare cash on cosmetics than any other generation does.