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Marc Jacobs Beauty unveils e-commerce site

BY CSA STAFF

Marc Jacobs Beauty has launched an e-commerce website featuring more than 150 products in the Marc Jacobs Beauty collection, as well as exclusive access to limited-edition product offerings.

The site was developed with responsive design, and showcases a modern, center navigation, high-definition product shots with zoom capability, and true-to-life product swatches.

Users are encouraged to engage in the product ratings and reviews, while checking out content such as the how-to videos and sketches and notes from Jacobs himself, which reveal behind-the-scenes insight into the creative process behind product designs. The site also has shopping capability on desktop, tablet and mobile devices.

To mark the site’s launch, marcjacobsbeauty.com is offering five limited-edition neutral shades of intensely opaque and glossy Enamored Hi-Shine Nail Lacquers for sale.

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Kohl’s earnings, revenue miss expectations in Q1

BY Dan Berthiaume

Menomonee Falls, Wis. — Kohl’s Corp. missed Wall Street expectations for profits, revenue and same-store sales during a difficult first quarter. Net income, which had been expected to rise slightly, fell 15% to $125 million, from $147 million.

In addition, net sales declined 3% to $4.07 billion from $4.2 billion, while analysts had expected them to rise to $4.22 billion. Same-store sales, also expected to increase, fell 3.4%.

In February 2014, Kohl’s said it had become over-reliant on private label brands and would seek to rebalance its assortment with more third-party brands.

“We did not achieve our first quarter sales goals, but we were encouraged by the improvement in sales as the quarter progressed,” said Kevin Mansell, chairman, president and CEO. “Our teams managed our inventory levels appropriately and expenses were controlled throughout the organization during the quarter."

Earlier this week, reports surfaced that Mansell is planning a management shake-up.

Kohl’s also extended its current credit card agreement with Capital One for an additional five years until March 31, 2023.

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Gold prices hurt DGSE in Q1

BY Dan Berthiaume

Dallas – DGSE Companies Inc. swung to a net loss of $523,000 from a net profit of $300,000 in first quarter 2014. The retailer cited significant decreases in both bullion and scrap sales resulting from a drop in gold prices as affecting its performance, which included a 32% drop in revenue to $19.9 million from $29.2 million.

DSGE has closed 23 stores since February 2014 and expects $3.7 million in non-recurring charges in 2014 as part of discontinued operations.

“In light of existing market realities, we took decisive action during the quarter to mitigate our losses in order to return the company’s continuing operations to profitability,” said Dusty Clem, chairman, president and CEO of DSGE. “Collectively, the 23 Southern Bullion locations we closed this year contributed approximately $1.9 million to our net losses for 2013. These closures allow us to return all of our attention to the 12 locations that can support the full exchange model which DGSE has successfully operated for decades. Moving forward, we continue to focus on building a more robust e-commerce platform and bolstering revenues in the higher-margin segments of our business, including our high-end jewelry, diamonds and watches.”

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