Bolstered by gains in e-commerce and acquisitions, the Estée Lauder Cos. posted 5 percent sales growth for its fiscal year.For the full year, Lauder brought in $11.82 billion in net sales, up from $11.26 billion in the prior-year period. Net earnings were $1.25 billion, up 12 percent, compared to $1.11 billion in the prior year. Too Faced and Becca, which Lauder acquired in 2016, contributed 2 percent to sales growth. Online sales were also strong in Asia and the Americas.For the year, skin care posted a 2 percent sales increase with $4.5 billion, compared with $4.4 billion in 2016. Makeup had a 7 percent increase in sales, up to $5.1 billion, from $4.7 billion in 2016. Fragrance sales increased 10 percent, to $1.6 billion from almost $1.5 billion. Hair care sales dipped 3 percent, to $539 million from $554 million in 2016.Skin care gains were driven by La Mer and the Estée Lauder brand, plus launches from Glamglow. Bobbi Brown, Origins and Aveda also posted skin-care gains, offset by lower sales from Clinique.Too Faced and Becca drove sales in makeup, which also saw double-digit gains from Tom Ford in every region, plus double-digit increases from Smashbox, La Mer and Estée Lauder. Tom Ford's makeup sales were driven by its lip colors, including the Tom Ford Soleil Color Collection. La Mer's sales were driven by the SkinColor Collection, and Estée Lauder's sales were boosted by the Double Wear and Pure Color lines. MAC sales grew internationally, but both MAC and Clinique color continue to struggle in the U.S.In fragrance, Jo Malone London, Tom Ford and Le Labo posted double-digit sales gains. Hair care figures faced a difficult prior-year comparison, Lauder said, noting 2016 launches.“These results reflect our success in pivoting our business to the fastest-growing areas of prestige beauty to align with consumers’ changing shopping preferences," said Fabrizio Freda, chief executive officer. "With our leading brands, quality innovations and the acquisition of two makeup brands, we attracted new consumers globally. Our business accelerated in our online direct-to-consumer and retailer e-commerce sites, as well as in the travel retail and specialty-multi channels, and we built momentum in key geographies, like China and Italy, aided by enhanced digital and social media communications."Freda noted the business expects its momentum to continue through 2018. "We are well-positioned to deliver strong profitable growth as we deploy our prestige brand portfolio to new consumers globally through our hero product franchises and robust new product pipeline, new digital-first marketing approach, and focused expansion for our smaller to mid-sized brands," he said.Lauder recorded $212 million of restructuring and other charges in connection with its Leading Beauty Forward program.The group is projecting sales growth of between 8 percent and 9 percent for fiscal 2018, with Too Faced and Becca expected to bring in about 2 percent of that growth.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast