The multi-brand beauty chain Sephora recently opened its fifth store in Mumbai at the Oberoi Mall in Goregaon which marked the business’ 17th store in India so far as it continues to expand country-wide.
Estee Lauder topped expectations for quarterly profit on Wednesday but investors were worried about slowing U.S. sales as fewer shoppers visit department stores where the company sells a bulk of its products.
Shoppers Stop has managed to turnaround its fortunes in the fiscal 2017-18 posting profit of Rs 12 crore (approx $ 1.8 million) as compared to the net loss of Rs 20 crore (approx $ 3 million) FY 2016-17.
Shoppers Stop Limited (SSL) profits were down 14 percent to Rs 16 crore for the third quarter ended December 31 with the company calling the quarter a transformational phase in the group’s retail journey.
As brands seek to add compelling reasons for consumers to buy their products in the austere post-Christmas environment, print and textile specialist Marimekko has announced a link-up with global beauty brand Clinique.