Today's Digital Daily
• Lisa Lockwood
May 22, 2017
• Luisa Zargani
May 22, 2017
• Jennifer Weil
For cosmetics companies, beauty bloggers can mean big, big business.
Strategic investment in product, marketing, digital content and infrastructure dented the bottom line over the past year.
The company said November comps rose 6 percent.
Comps also fall in the quarter.
Results were impacted by costs related to the brand’s March acquisition by TPG Capital and Leonard Green & Partners and merchandise issues.
The jobs front still presented a mixed picture in March: those who said jobs are “plentiful” rose, as did those who said jobs were “hard to get.”
July comps were positive.
Sales rose 3.8%.
If Black Friday weekend sales at brick-and-mortar stores were good, then online sales were even better.
Holiday sales for department store chain Karstadt helped reverse Arcandor Group’s recent losses in the first quarter.
No-nonsense bons mots are legendary in the technology and operations halls at David Yurman, the luxury jewelry brand.
The company also said it was decreasing promotional event to protect brand equity.
The luxury group predicts its performance will see an upturn for the rest of the year.
Nordstrom’s first-quarter earnings came in better than expected, although the outdistancing of estimates because of a systems error irked analysts.
The company in 2014 reduced its carbon-dioxide emissions by 50 percent versus 2005.