×
305
Fashion Jobs
BURTON/DOROTHY PERKINS
Sales Manager
Permanent · Oldham
NEW BALANCE
Office Administrator (Part Time)
Permanent · Warrington
ARCADIA GROUP
Talent Acquisition Projects Partner
Permanent · LONDON
TOPSHOP TOPMAN
Online Visual Merchandising Manager
Permanent · London
TOPMAN
Buyer (Maternity Cover)
Permanent · London
TK MAXX
Loss Prevention Officer - Bristol
Permanent · Bristol
ARCADIA GROUP
Information Security (Infosec) Officer
Permanent · London
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
SANDRO UK
Senior Sales / Supervisor m/f
Permanent · LONDON
TOPSHOP TOPMAN
Senior Digital Visual Merchandising Manager (Maternity Cover)
Permanent · London
BURTON
Senior Buyer - Tailoring - Maternity Cover
Permanent · LONDON
TOPSHOP TOPMAN
Senior Marketing Manager
Permanent · London
TJX CORPORATE
Information Technology Graduate (2021)
Permanent · WATFORD
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
OUKA LONDON LTD
Mandarin Assistant(Transport Allowance)
Internship · LONDON
LULULEMON
Key Leader | London
Permanent · London
PUMA
Strategic Account Analyst
Permanent · Manchester
PUMA
Junior Systems Developer
Permanent · Castleford
TJX CORPORATE
Creative Manager
Permanent · Watford
TJX CORPORATE
Technical Engineer ii
Permanent · Watford
Advertisements
Translated by
Robin Driver
Published
Oct 10, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oréal to shutter some U.S. stores

Translated by
Robin Driver
Published
Oct 10, 2020

According to Bloomberg, L'Oréal is planning to shutter stores in the U.S. in order to restructure the activities of its luxury division, which includes the likes of Lancôme, Kiehl's and Yves Saint Laurent. This reorganization process will last for the next six months and will affect around 400 employees, some of whom will be moved into other roles.


L'Oréal is restructuring its luxury division in the U.S. - AFP

 
Faced with changes in the shopping habits of American consumers, who are going to physical stores less and less, the luxury division of L'Oréal U.S. is investing in fast-growing areas such as e-commerce and other digital operations. 

In 2019, global beauty giant L'Oréal saw a 0.8% decline in its U.S. sales, which totaled 7.5 billion euros. This decrease was further exacerbated by the coronavirus pandemic, with the company's North American sales dropping 15.2% in the first quarter of fiscal 2020. Following the implementation of health measures such as lockdown and mask wearing, cosmetics and fragrance have been some of the worst-hit sectors – two segments that are particularly important for L'Oréal's luxury division in the United States.

The French cosmetics conglomerate isn't the only beauty group to be restructuring in an effort to deal with the effects of the health crisis. In August, New York-based Estée Lauder announced that it was eliminating between 1,500 and 2,000 positions and implementing other economic measures following a quarter marked by a strong decrease in store traffic due to the Covid-19 pandemic. The American company's restructuring strategy principally concerns the Europe, the Middle East and Asia (EMEA) region, and North America. 

Copyright © 2020 FashionNetwork.com All rights reserved.