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The Beauty Trends Leading Us Into the Future


The Beauty Trends Leading Us Into the Future
Shondaland
3 hrs ago
Sharon Brandwein
© Amber Hawkins
This year is seeing a crop of new trends emerging in the beauty industry that could shape the state of makeup for decades to come.
We need beauty it lifts our spirits, revitalizes our imaginations, and soothes us. Beauty, both internal and external, can be a healing force in our lives, so we’re bringing you a series of stories that examine the ever-changing role of beauty in our personal lives and in society, and how this impacts us individually and collectively.
Based on archaeological evidence, we know that makeup was first used by the Sumerians as far back as 5,000 years ago. Ancient civilizations, however, used makeup in a far more practical way, often utilizing it to delineate social statuses and professions, and sometimes it was even used as a show of piety. It was only during Roman times that makeup gained a new purpose: ....

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Retail Bankruptcies 2021: 5 Retailers That Felt The Pandemic's Pinch And Filed Chapter 11


Retail Bankruptcies 2021: 5 Retailers That Felt The Pandemic s Pinch And Filed Chapter 11
04/26/21 AT 9:19 AM
The COVID pandemic has not been kind to the retail industry as it continues to claim a swath of victims.
Burdened by debt and unmanageable rent payments, many retailers have had to rethink their brick-and-mortar strategy, while others are succumbing to Chapter 11.
Here are five major retailers that have filed for bankruptcy protection in 2021 due to pandemic-related issues.
Belk
In February, department store chain Belk announced that it was filing for bankruptcy protection in a one-day “pre-packaged” Chapter 11 reorganization.
Hit by the pandemic, Belk was burdened by nearly $2 billion debt and saw its sales drop by 32% from March to December 2020, Retail Dive reported. ....

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9 Retailers That Are Closing Stores In January 2021


9 Retailers That Are Closing Stores In January 2021
01/28/21 AT 8:24 AM
The coronavirus pandemic continues to negatively impact the retail sector, with several companies announcing in January that they were closing stores as foot traffic waned and sales declined.
The consumer shift to online shopping during stay-at-home orders only further compounded the financial pressure these retailers were under, making it necessary to shutter locations to stay afloat or, in some cases, file for bankruptcy protection.
According to a report from Coresight Research (via CNBC), there could be up to 10,000 store closures in the U.S. this year, setting a new record amid the pandemic as retailers realign their brick-and-mortar portfolios to remain open for business. ....

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This Beloved Brand Just Filed for Bankruptcy


This Beloved Brand Just Filed for Bankruptcy
By Sarah Crow
of Best Life
|
This Beloved Brand Just Filed for Bankruptcy
Another beloved brand has filed for Chapter 11 bankruptcy protection in the wake of the COVID-19 pandemic. On Jan. 26, iconic beauty brand L Occitane Inc. announced that it would be shuttering a number of its stores in the U.S. as a result of its restructuring. Read on to discover how many stores are affected by the company s bankruptcy filing. And for more brands buckling amid the pandemic, This Beloved Furniture Chain Is Closing All But 1 of Its Stores.
L Occitane announced in its bankruptcy filing that it will be closing 23 of its 166 stateside stores in a bid to execute its store footprint optimization plan. The company saw in-person sales drop 56.5 percent between April and Dec. 2020 as compared to its 2019 sales, while its online sales rose by 72 percent. ....

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Beauty retailer L'Occitane files Chapter 11


Dive Brief:
The U.S. arm of beauty and wellness brand L Occitane filed for Chapter 11 bankruptcy Tuesday in hopes of reducing its physical footprint.
The company has immediate plans to close 23 stores as it looks to shed unprofitable and declining locations after the toll COVID-19 took on its business, according to court papers.
L Occitane currently runs 166 boutiques in the U.S., largely based in regional malls.
Dive Insight:
L Occitane said in a press release that its business continues to be impacted by disproportionately high store rent obligations that are no longer tenable, making Chapter 11 necessary to speed store closures. 
In court papers, Yann Tanini, managing director of L Occitane North America, said that the retailer s lease obligations amount to $30.3 million annually. It currently has $15.1 million that is in arrears, and landlords are withholding more than half a million dollars in security deposits. ....

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