Scotch & Soda Rapid Retail Expansion
In this year alone, the trendy Dutch contemporary brand Scotch & Soda opened new store locations in San Jose, Seattle, New York, Los Angeles, Boston and San Diego. They are also expected to open two more locations in Denver next month, at the Cherry Creek and Portland Ore.’s Pioneer Place mall, boosting their total U.S. store count to 12. This retailer is definitely on the rise. Scotch & Soda’s rapid growth has been powered by its 2011 acquisition with an affiliate of Sun Capital Partners.
Globally, the company now operates 104 freestanding stores, with new units planned by yearend in places as disparate as Sydney; Oslo; Bordeaux, France, and Istanbul and Ankara in Turkey. The U.S. market is forecasted to become one of the brand’s largest, along with Germany, France and Italy. Scotch & Soda’s success stems from their beliefs that, “We are not a standard design company. We invest in the product, which is typically inspired by the best tried and tested classic and vintage styles, enriched with a wealth of inspiration from around the world. We pull influences from every region of the world. We cut and paste and glue it together, from the fabrics to the prints to the details, even the smallest stitch is important…“We are really led from a creative aspect, not a sales perspective. We don’t compromise on design, and creativity is number one for us.
Lucky Brand Opens Beverly Hills Flagship Store
The all-American denim retailer we know for crafting great fitting, vintage inspired jeans has opened a fabulous flagship store in Beverly Hills. Yes, Lucky Brand has definitely hit the ball out the park with this one. The spacious 4,500-square-foot Beverly Hills location is a platform for the brand’s increasingly expansive portfolio of merchandise. The decision for the flagship location was one that Lucky Brand took some time to ponder upon, but once decided the brand was indeed ecstatic. Patrick Wade, the brand’s executive vice president and creative director says, “We love that it’s both for locals and tourists”. He also points out that the design of the Beverly Drive flagship is meant to recall Beverly Hills residences with a healthy dash of Hollywood glamour. The bright environment emphasizes its expanse. There are large white doors that greet customers, and white brick covering the exterior. Pretty soon, ivy will bring another feature to the exterior. Inside, there are glazed white tiles, six-foot chandeliers, light wood flooring with wide planks and recessed lighting. It definitely has a more inviting ambience and customers are truly excited about the new location.
Estée Lauder Sales Rise 4.9%
The global beauty giant Estée Lauder Cos. Inc. recently posted stronger first-quarter sales and although profits rose only modestly, earnings per share topped analyst expectations. Net profits for the quarter increased 0.4% to $300.7 million from $299.5 million a year earlier. Their sales for the three months ended September 30th increased 4.9% to $2.68 billion from $2.55 billion. Excluding the impact of currency fluctuations, sales rose 6%.
Looking ahead, the company feels that they are in a great position for the holiday shopping period. Today the beauty brand is prepared with what is believed to be their strongest slate of new fragrances in more than a decade, as well as other innovative products across their categories. President and chief executive officer Fabrizio Freda says, “We are focused on achieving superior top-line growth by driving sales momentum throughout the fiscal year with our product and service innovations, backed by our creativity, product quality and comprehensive marketing programs.” Estée Lauder is very enthusiastic about their projected earnings for the year, and has prominent hope that their sales will meet or exceed their expectations.
Source & Image: WWDSee the Top Ten Summer 2016 Trends for Women Over 40
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