Elizabeth Arden Inc.’s second-quarter profits shot up 61.3 percent and the company raised its guidance for the year, but efforts by the Chinese government to improve safety controls have stymied growth in the country.
“The one weakness in terms of our international revenue growth was, for this quarter, our China business,” said E. Scott Beattie, chairman, president and chief executive officer, on a conference call with analysts. “We continue to experience new product registration challenges consistent with the rest of the industry and, as a result, we’re slowing our new store growth and focusing on growing sales and productivity of existing stores.”
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)