PARIS — French beauty group L’Occitane International SA said on Monday it is focusing on its omnichannel sales strategy and digital marketing with the group’s web sell-out channels – driven particularly by T-mall in China – among the few bright spots in a slow first half.L’Occitane posted first-half net profits of 10.7 million euros, down 59.4 percent year-on-year, impacted by unfavorable foreign exchange rates, one-off effects and strong seasonality.Net sales in the six-month period ended Sept. 30 eased 0.6 percent on a like-for-like basis to 548.2 million euros, while the group’s operating profits fell 28.9 percent to 13.8 million euros.But its gross margin — a key indicator of profitability - was up 0.6 points versus the same period a year ago to 82.8 percent.Sales from the group’s web sell-out channels, including own e-commerce and marketplaces, rose 22.6 percent at constant rates.Regarding brands, the group said its emerging brands “remained on track” and contributed more to overall growth, with Melvita and Erborian delivering double-digit growth. In terms of markets, L’Occitane Brazil maintained strong mid-double-digit growth, excluding a one-off deal from last year.China and Brazil were the fastest-growing markets, with sales in the period rising 22.7 percent and 13.2 percent, respectively, with a brand ambassador campaign featuring Chinese artist Lu Han contributing to the group’s performance in China.A new female brand ambassador will soon come on board to promote face care products in L’Occitane's three main Greater China markets: mainland China, Hong Kong and Taiwan.Also in the pipeline are two new flagship stores planned for Regent Street in London and Avenue des Champs-Élysées in Paris, with the latter billed as a one-of-a-kind concept store in partnership with famous French pastry chef Pierre Hermé.
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion