Target also revealed holiday sales were boosted by online shopping.
E-commerce, curbside pickup, Ulta Beauty with Target and Sephora with Kohl’s. The beauty retailing shifts you should pay attention to for 2021.
Workers say a model of reining in labor costs has left them anxious about health and finances, even as retail profits soar.
THG has paid $350 million in cash for the U.S. retailer of prestige skin-care and specialty beauty brands.
The mega-star is asking for $100 million and complete control.
“All these brands are trying to move where the puck is going proactively,” said Stifel analyst Mark Astrachan.
But across the retail industry, intimate apparel continues to be among the list of pandemic winners.
Select Journelle bras, sleepwear and lingerie can now be found at target.com.
Comparable traffic grew 4.5 percent during the quarter, while digital sales surged 155 percent.