The Retail Workforce of the Future

LVMH Fashion Sales Soar, Carlyle's Beautycounter Deal

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, APRIL 14, 2021 Retailers are placing new demands on sales associates as stores reopen — and creating new opportunities. LVMH's Q1 fashion sales crushed expectations, jumping 37 percent over 2019 levels. Carlyle has acquired a majority stake in Beautycounter's owner at a $1 billion valuation. China's powerful influencers are challenging dominant beauty players with their own brands. Plus, don't miss today's BoF Professional Summit "Closing Fashion's Sustainability Gap" starting at 9am New York, 2pm London, 9pm Shanghai.

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RETAIL The Retail Workforce of the Future By Cathaleen Chen

The pandemic has driven retailers to convert parts of their stores into warehouses, call centres and even television studios, transforming the role played by sales associates. READ MORE

LUXURY LVMH's Fashion Sales Surge, Setting High Bar for Rivals By Robert Williams Dior and Louis Vuitton led fashion division sales that jumped 37 percent compared to 2019, 'smashing' expectations. How did they do it? READ MORE

BEAUTY What Does the Beautycounter Acquisition Mean For Its Future? By Rachel Strugatz The deal, which sees Carlyle Group take a majority stake in the clean beauty brand and value it at $1 billion, sets Beautycounter up for future growth. READ MORE

CHINA Influencer Beauty Brands Are Trending in China By Casey Hall China's influencers are the latest cohort to challenge long-dominant international players for a share of the world's second-largest beauty market. READ MORE

Great Bowery Agency Announces Brand Incubator READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just £1 START TRIAL

NEWS BRIEFS Stitch Fix's Founder Katrina Lake Is Leaving the Chief Executive Post Selfridges Group Owner Galen Weston Dies at 80 Puig Family Member Mariano Puig Planas Dies at 94 Report: Indian Beauty Start-Up Nykaa Taps Banks for $500 Million IPO Anthropologie Names Tricia Smith Global CEO British Fashion Council Partners With Swarovski on New BFC Changemakers Prize Russian E-Commerce Leader Wildberries Takes Aim at US Market Kakao Reportedly Eyeing Fashion E-Commerce App Zigzag Hong Kong Retailer Stocks Jump After City Eases Travel Rules Dior Shows Pre-Fall Collection in Shanghai

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SUSTAINABILITY Join Us At the BoF Professional Summit: Closing Fashion's Sustainability Gap By BoF Team

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At BareMinerals, Leveraging Afterpay to Innovate Customer Acquisition and Conversion In partnership with Afterpay, clean beauty pioneer BareMinerals has increased average order size by over 40 percent while optimising paths to purchase and engaging new customers, creating a blueprint for best-in-class payment solutions. BoF sits down Whitney Goldman, VP of e-commerce, digital and CRM at BareMinerals, to hear more. READ MORE

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