×
75 618
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Louisville
NORDSTROM
Asset Protection - Agent - The Mall in Columbia
Permanent · Columbia
NORDSTROM
Retail Stock & Fulfillment - City Creek Center
Permanent · Salt Lake City
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · San Francisco
MACY'S
Asset Protection Detective, Northlake Mall - Part Time
Permanent · Atlanta
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MICHAEL KORS
Shop Manager, Macy's Stonebriar - Frisco, tx
Permanent · Dallas
VF CORPORATION
Accounting Compliance (Sox) Lead
Permanent · Appleton
URBN
Urbn Security Officer Days & Night Part-Time
Permanent · LEVITTOWN
BATH & BODY WORKS
District Manager - Hudson Valley
Permanent · YONKERS
SACKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SACKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
UNDER ARMOUR
Stock Lead, ft
Permanent · DAYTONA BEACH
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · ANAHEIM
UNDER ARMOUR
Stock Lead, pt
Permanent · COLUMBIA
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, $15.25 Per Hour
Permanent · SAN DIEGO
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Boise id
Permanent · BOISE
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Green Bay wi
Permanent · GREEN BAY
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Warsaw in
Permanent · WARSAW
GAP
General Manager - Arundel Mills
Permanent · HANOVER
GAP
General Manager - Santa Cruz
Permanent · SANTA CRUZ
BANANA REPUBLIC
General Manager - Foley (Riviera)
Permanent · FOLEY
Published
Nov 3, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shiseido revises 2017 forecast, closing some 100 BareMinerals stores

Published
Nov 3, 2017

Shiseido said on Wednesday it expects both full-year net sales and operating income to exceed previous forecasts and reach record highs, resulting from the profit of its sale of Zotos to Henkel for $485 million.


The firm will close 100 BareMinerals stores in the US - Shiseido


The Japanese beauty giant now expects to post an 'extraordinary' income of 36 billion yen, according to a press release. However, it downgraded its consolidated net profit forecast for the year ending December to 10 billion yen, down 69% on the year, a reversal from the previously projected 1% increase.

In the same announcement, the Tokyo-based firm said it would post a loss of 65.5 billion yen for the third-quarter period, due for release Nov. 7, as an impairment charge on intangible assets and other assets associated with Bare Escentuals, part of Shiseido Americas Corporation, and operator of BareMinerals.

Net income attributable to shareholders is forecast at 10 billion yen, 22.5 billion yen down from the previous forecast.

As a result, Bare Escentuals plans to close some 100 BareMinerals stores nationally (from its current 209 boutiques), in a bid to refocus the natural cosmetics brand. Future steps include "product innovation, and investment into digital marketing geared toward Millennials and Generation Z," said Shiseido, in a statement, adding that the brand contributes annual sales worth $50 million.

Shiseido said "the low profitability of the Americas and EMEA businesses is a lingering issue" for the group, something it hopes will change with the recent appointment of Susan L. Jurevics as Bare Escentuals’ president in July.

At the time of Jurevics' appointment, Marc Rey, president and CEO of Shiseido Americas, explained the direction the company wants to take with BareMinerals.

Specifically, he noted the brand needs help navigating "the rapidly changing digital landscape" and that it will be exploring "new methods of driving consumer engagement" under Jurevics' leadership.

Shiseido acquired Bare Escentuals in 2010 from QVC for $1.7 billion. 

Copyright © 2023 FashionNetwork.com All rights reserved.