As the sector’s global sales have slipped in recent years, luxury retail giant LVMH Tuesday (Jan. 28) reported a 1% rise in its fourth-quarter sales and 1% organic growth for 2024. LVMH reported better-than-expected fourth-quarter sales for 2024, with a 1% rise to €23.9 billion,...
Beauty companies increasingly use artificial intelligence to transform how they develop and market products, with personalization and convenience at the forefront. Beauty juggernaut Estée Lauder Companies partnered with OpenAI this month to implement AI across its brands. The companies built 240 AI applications to analyze...
In the face of a tough retail environment, Kohl’s is reshaping its identity to feature its value-driven appeal for the entire family. With sales slipping and consumers tightening their belts, the retailer is doubling down on its promise of affordability, hoping to transform current challenges...
Early Warning Services has made its Paze online checkout available to Sephora’s loyalty program members. The checkout option — offered by participating banks and credit unions — is now available to members of Sephora’s Beauty Insider Loyalty program, Early Warning Services (EWS) said in a...
January 29, 2025
As escalating costs strain household budgets, PYMNTS Intelligence’s latest paycheck-to-paycheck study, “New Reality Check: The Paycheck-to-Paycheck Report: Struggling Consumers Go to Short-Term Strategies to Manage Higher Expenses,” reveals that 78% of consumers have experienced higher costs for essential services and about two-thirds live paycheck to paycheck. Among this group, 24% struggle with bill payments, with […]
November 25, 2024
Beauty companies increasingly use artificial intelligence to transform how they develop and market products, with personalization and convenience at the forefront. Beauty juggernaut Estée Lauder Companies partnered with OpenAI this...
November 28, 2023
Whether a retailer rang up a sales symphony or lagged behind this quarter, they all evaluated a common make-or-break factor: the significance of delivering value to the customer. And if...
November 21, 2023
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn...
August 28, 2024
Early Warning Services has made its Paze online checkout available to Sephora’s loyalty program members. The checkout option — offered by participating banks and credit unions — is now available to members of Sephora’s Beauty Insider Loyalty program, Early Warning Services (EWS) said in a news release Wednesday (Aug. 28). “Our focus has always been […]
May 30, 2024
Kohl’s is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the...
March 18, 2024
DoorDash is moving further beyond its restaurant roots and deeper into the beauty sector. The company announced in a Monday (March 18) press release a pair of new partnerships with Sally Beauty and MAC Cosmetics, as...
August 22, 2023
J.P. Morgan Payments has debuted a contactless payment solution for its merchant clients. The new Tap to Pay offering lets merchants accept payments using their iPhones, without the need for a physical terminal,...
