The repositioning of its namesake brand put a crimp on Elizabeth Arden Inc.’s third-quarter earnings.
On Thursday, Arden reported a net loss of $1.3 million, or 4 cents a diluted share, compared with a net income of $2.2 million, or 7 cents a share, in the year-ago period. On an adjusted basis — or excluding charges related to the Elizabeth Arden brand repositioning and acquisition-related expenses — net income per diluted share was 2 cents.
During the company’s earnings call on Thursday, Arden chairman, president and chief executive officer E. Scott Beattie reiterated that a successful restaging could ultimately double the brand’s sales. Last quarter, Beattie said the brand generates close to $1 billion in retail sales.
“We’re very excited and confident about the momentum we have on [the] Elizabeth Arden brand,” said Beattie, referring to the effort as a “significant undertaking.” He added, “We don’t turn a brand like Arden around in a quarter or two.”
The company said it has begun to see momentum build behind the retooled brand. In the third quarter, net sales of Elizabeth Arden-branded products ticked up 1 percent in constant currency. Retail sales at the namesake brand’s flagship doors, which now carry the overhauled line, have increased 22 percent in North America since the conversion, said the company.
The company’s net sales for the three months ended March 31 gained 10.5 percent to $264.5 million, compared with $239.3 million in the year-ago period. Excluding the unfavorable impact of foreign currency translation, net sales increased by 11.2 percent. In North America, net sales increased 9.4 percent for the quarter and 12.2 percent fiscal year-to-date, driven by launches from Justin Bieber and Nicki Minaj. Arden said Bieber is slated to release his third scent this summer, and Minaj plans to introduce her second fragrance.
Internationally, net sales grew 14 percent in constant currency for the quarter, and 11.1 percent for fiscal year-to-date.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)