Retail News for February 17, 2023

Retail News For February 17, 2023

With hundreds of news and press releases published every day, it can be difficult to keep up with everything. To help readers, we are covering e-commerce and retail industries most trending and relevant topics, including the week’s most newsworthy and popular releases, here’s a roundup of stories from the week that shouldn’t be missed.

  1. Neiman Marcus CEO says he only wants ‘Rich’ people shop at stores, amid layoffs. The Dallas-based luxury retail icon, Neiman Marcus which also owns Bergdorf Goodman, is preparing to lay off 500 employees across the entire organization, as part of plans to go a new direction.
  2. Glossier Launches at Sephora U.S. and Canada as first retail partnership Sephora is officially making it easier than ever for beauty lovers to get their hands on their favourite Glossier products.
  3. INDOCHINO Hits Record Breaking Year of Growth 2022 has proven to be INDOCHINO’s strongest year to date, driven by a renewed interest in tailored clothing as consumers return to the office, weddings and other events, as well as the brand’s continued physical retail expansion.
  4. Klarna and Paris Hilton open ‘House of Y2K’ On Melrose Ave Designed to highlight three themes — technology, fashion and beauty — the pop-up will transport guests back in time to the dial-up era where shopping was anything but smoooth, before guiding them into a modern, serene Klarna world
  5. Ulta Beauty and The Detox Market to host E-commerce & Retail Strategy workshop The exclusive workshop will be held on the first day of the event, March 1st at 4:00pm-5:20pm right after the Networking Break, presented by speakers: Agustina Sartori, Senior Director Innovation & Innovation Fund, Ulta Beauty and Romain Gaillard, Founder & CEO, The Detox Market
  6. Unilever Sells Suave in North America To Yellow Wood Partners ABoston-based private investment firm that invests exclusively in the consumer industry in the middle market, Yellow Wood Partners LLC has signed a definitive agreement with Unilever to acquire its beauty and personal care brand, Suave, in North America.
  7. YSL x Lila Moss: “Lila’s entrance into the fashion industry is a birthright” says expert Fashion model, Lila Moss has been named U.S. ambassador by YSL Beauty, the luxury brand stated in a press release with plans to partner with influencers who are at the forefront of the next generation.
  8. Emma Roberts Stars at Saks Fifth Avenue’s New York Fashion Week Party The campaign showcases a curated assortment of Spring 2023 fashion and accessories from both iconic luxury brands and emerging designers chosen by Emma Roberta.
  9. Hermès Wins Case Against MetaBirkin, Experts Say “Should Discourage Similar Attempts” A New York federal jury has ruled in favour of luxury fashion house, Hermès in the trademark infringement case against MetaBirikin NFT.
  10. KISS Colors & Care Launch New Styling Collection In Partnership With JT from CITY GIRLS KISS Colors & Care announces newest brand partner as JT also known as “Jatavia Shakara Johnson,” a well-known artist who rose to fame as one half of the hip-hop duo City Girls.