Macy’s announced Feb. 3 that it has signed an agreement to acquire Bluemercury—the large and fast-growing luxury beauty-products and spa-services retailer—for $210 million in cash. The transaction is expected to be completed in Macy’s fiscal first quarter, which ends on May 2, 2015, and be accretive to Macy’s earnings in its first full year (fiscal 2016).
As the year comes to a close, it's time to look back at some of the key happenings in our industry, with a specific focus on skin care. Let's first look at the predictions of some industry leaders that spoke with Beauty Store Business this time last year.
The location you choose could make or break your business-expansion success.
Whether the ultimate goal is for your beauty retail business to occupy two stores or 200 stores, there are many considerations involved in expanding a retail business beyond one set of doors. Of utmost importance is choosing the best location. Availability of desirable space is an important opportunity and a benefit in today’s market that should not be taken lightly. Location, location, location—is key, say retail experts.
Bluemercury—the fast-growing "luxury beauty products and spa retail chain"—will continue its national rollout with the opening of its seventh location in the Washington, D.C., metro area Feb. 16 and the opening of its first site in the Westchester, New York, area in March, Beauty Store Business has been told.