News

Korean beauty retailer sets up shop in the United States with more stores to come

BY Marianne Wilson

Photo: Aritaum, H-Mart, Ridgefield, New Jersey

A newcomer to the U.S. retail scene is leveraging one of the hottest trends in beauty right now — Korean skincare — by opening up stores nationwide.

Aritaum, a division of South Korean skincare and beauty giant AmorePacific, has been flying under the radar since it opened its first U.S. store in 2014. The company currently operates some 70 locations in the United States and Canada, including freestanding stores as well as in-store shops at such diverse retailers as Bloomingdale’s and H-Mart supermarket. It expects to open 20 locations in 2016.

Aritaum is positioned as one-stop shopping destinations for Korean beauty products. The stores carry a curated collection of premium beauty and skincare items from leading Korean brands, along with bath & body and hair care products.

As to the brand's name, Aritaum (pronounced "ar-ree-ta-um") is derived from the Korean words for “beauty” and “place.”

"Interest in Korean skincare products is at an all-time high for one simple reason: they work," said Jay Yim, director of marketing, Aritaum AmorePacific. "Aritaum provides a convenient destination for these incredible products and offers our customers a chance to experience the fantastic world of K-beauty."

Initially, Aritaum’s U.S. locations operated under the Amore banner. But they are currently being rebranded as Aritaum. The new stores will not only have the new banner, but also feature a sleeker and more modern look.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Victoria’s Secret launches new line with social support

BY Mike Troy

Leveraging its status as a leading lingerie retailer, Victoria’s Secret has released the 2016 edition of its “What is Sexy?” list compiled with social media input to support the launch of several new product lines.

Style, attitude and confidence describe the women who grace Victoria's Secret's 2016 What Is Sexy? list, according to the L Brands division and operator of roughly 1,000 stores. And because the company is the self-described authority on what is sexy now, Victoria's Secret compiled its picks of the fiercest, boldest and most powerful and inspiring women in Hollywood who embody an aspirational lifestyle.

The release of the list coincides with the launch of Victoria’s Secret’s new Very Sexy Collection of lingerie and a new limited edition Very Sexy Now Fragrance. The new Very Sexy Collection revamped for Spring features bold new colors and bright fishnet lace accents, according to the company, and comes in an array of styles including unlined demi, lightly-lined demi, high-neck unlined demi, push-up, and fishbone-back detailing. Prices start at $49.50. The limited edition Very Sexy Now Fragrance is said to be a fruity floral blend of coconut water, pink lotus and warm sand accord that is perfect for the sexiest summer yet.

To see who made Victoria’s Secret 2016 sexy list and who got the most votes on social media, click here.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

GameStop emerges victorious from transitional 2015

BY Gina Acosta

GameStop's efforts to generate growth by diversifying its business model worked well in 2015, as the video game retailer posted its third straight year of positive comps.

The Texas-based company said that for the full fiscal year of 2015 ended on Jan. 30,total sales were $9.36 billion, a 0.7% increase over 2014. Same-store sales increased 4.3% (a 4.8% increase in the U.S. and a 3% increase internationally) compared to fiscal 2014, primarily driven by sales of video game accessories, pre-owned products and collectibles.GameStop's fiscal 2015 net earnings were $402.8 million.

"In 2015, the GameStop team achieved several significant milestones in our ongoing transformation efforts," said CEOPaul Raines. "The company posted its third straight year of positive comps, exceeded $1 billion in digital receipts, gained market share in our core video game business, and introduced new collectibles products that contributed over $300 million in sales. The company also more than doubled the number of Technology Brand stores we operate, growing sales to $534 million. These accomplishments drove record gross profit and net income, strong earnings per share growth and an increase in per store profits in our GameStop branded stores for the third straight year."

​For the fourth quarter,profit at GameStop was $247.8 million, or $2.36 a share, compared with a year-earlier profit of $244.1 million, or $2.23 a share. Revenue rose 1.4% to $3.52 billion. Same-store sales grew 3.1%.

The retailer said that itsmobile and consumer electronics category increased 25.8%, led by growth in Technology Brands.Collectibles sales increased over 300%, driven by the successful integration of collectibles sections within GameStop stores and the acquisition of ThinkGeek.

For the current quarter, GameStop said it expects overall sales to fall between 4% and 7%, with same-store sales slipping between 9% and 7%. GameStop said it sees earnings per share of between 58 cents and 63 cents.

GameStop operates more than 7,100 stores across 14 countries.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...