Space NK to Open New London Flagship Space NK, the renowned premium British beauty store, is set to make a bold statement in the heart of London with the opening of a new flagship store. Spanning an impressive 4,600 square feet, this new retail space will be located on the bustling Oxford Street, taking over […]
The Best of BoF 2024: A Return to Beauty Retail
The landscape of beauty retail is shifting dramatically, revealing a blend of both traditional and online sales channels thriving in 2024. As consumers return to shopping in person, driven by new experiences and product offerings, the industry is seeing growth across all demographics. Notably, the rise of younger shoppers is transforming the market landscape. Throughout […]
Inside Department Stores’ Plans to Bring Beauty Customers Back
The once-dominant beauty counters of department stores are poised for a revival just in time for the 2024 holiday season. Retail giants like Macy’s and Nordstrom are currently overhauling their approaches, aiming to attract customers back into their stores and recapture the allure of physical beauty shopping. Historically, department store beauty sections were the hallmark […]
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
In a recent update, Ulta Beauty Inc. revealed a significant adjustment to its sales expectations, attributing the change to a noticeable decline in consumer demand for cosmetics and makeup products. The company’s revised outlook now estimates net sales between $11 billion and $11.2 billion for the year, a decrease from its previous forecast of $11.5 […]